BTC
$105,516.59
–
1.54%
ETH
$2,539.77
–
1.59%
USDT
$1.0002
–
0.01%
XRP
$2.1712
–
3.06%
BNB
$652.99
–
0.50%
SOL
$148.75
–
3.19%
USDC
$0.9999
–
0.00%
TRX
$0.2738
–
0.99%
DOGE
$0.1716
–
1.30%
ADA
$0.6198
–
2.18%
HYPE
$40.93
–
3.81%
WBT
$48.11
–
6.38%
SUI
$2.9006
–
3.64%
BCH
$477.37
–
0.10%
LINK
$13.18
–
2.81%
LEO
$9.1466
–
0.93%
AVAX
$18.81
–
2.01%
XLM
$0.2538
–
2.72%
TON
$2.9854
–
0.06%
SHIB
$0.0₄1175
–
1.44%
By Shaurya Malwa, CD Analytics
Updated Jun 18, 2025, 4:58 a.m. Published Jun 18, 2025, 4:58 a.m.
- XRP fell 4.5% in the past 24 hours, with sellers pushing the price below key support levels.
- The token faces resistance at $2.20, with technical indicators showing a continued downtrend.
- Market sentiment is affected by macroeconomic uncertainty and recent ETF rejections, with XRP down nearly 9% for the week.
XRP fell 4.5% over the past 24 hours, dropping from $2.254 to $2.164 as sellers overwhelmed buyers and forced a breakdown below key support levels. The token now faces increasing pressure at the $2.20 resistance level, with technical indicators showing a sustained downtrend that has yet to reverse.
- XRP has come under intensified selling pressure amid rising macroeconomic uncertainty.
- Ongoing U.S.-China trade friction, mixed central bank policy signals, and the fallout from recent ETF rejections have soured sentiment across risk assets.
- At the same time, traders are closely watching Ripple’s upcoming RLUSD stablecoin deployment and regional regulatory milestones in Dubai and Singapore — two markets where Ripple’s infrastructure continues to expand.
- Still, none of these developments have provided near-term lift, with XRP now down nearly 9% for the week.
- Market observers point to a descending channel forming on the hourly chart — a bearish continuation signal — as volume surged during key resistance tests.
- Unless buyers can reclaim the $2.20 level, analysts warn that price action could break further toward the $2.10 zone.
The sharpest pressure came during the 15:00–16:00 hour, when volume more than doubled the daily average, cementing resistance around $2.19. A brief recovery attempt later in the session pushed XRP to $2.179, but sellers quickly regained control.
STORY CONTINUES BELOW
A final high-volume drop at 02:01 pushed the price down to $2.162, confirming a lower low and continuing the downtrend. Support has formed around $2.147, with XRP trading in a narrow range near $2.164 as volatility begins to subside.
- XRP declined from $2.254 to $2.164, a 4.5% drop.
- High-volume resistance zone formed around $2.19 during peak activity at 15:00–16:00.
- Support identified at $2.147 where buyers stepped in repeatedly.
- Short-lived recovery reached $2.179 before being rejected.
- Volume spike at 02:01 coincided with 0.8% price drop to $2.162.
- Immediate resistance now at $2.175; descending channel pattern signals continued bearish pressure.
- Selling volume has tapered off, suggesting possible stabilization in the near term.
Disclaimer: Portions of this article were generated with the assistance of AI tools and reviewed by CoinDesk’s editorial team for accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
