BTC
$107,830.83
–
1.57%
ETH
$2,755.82
–
0.49%
USDT
$0.9999
+
0.02%
XRP
$2.2447
–
3.39%
BNB
$666.93
–
0.68%
SOL
$159.22
–
4.00%
USDC
$0.9997
+
0.02%
DOGE
$0.1895
–
5.98%
TRX
$0.2765
–
5.20%
ADA
$0.6858
–
4.82%
HYPE
$41.71
–
1.59%
SUI
$3.3200
–
5.07%
LINK
$14.44
–
5.21%
AVAX
$21.06
–
5.15%
BCH
$431.51
–
2.55%
XLM
$0.2752
–
2.77%
LEO
$8.8568
–
1.47%
TON
$3.2335
–
0.32%
SHIB
$0.0₄1277
–
4.19%
HBAR
$0.1691
–
6.08%
By Shaurya Malwa, CD Analytics|Edited by Parikshit Mishra
Jun 12, 2025, 7:14 a.m.
- XRP fell 3.7% in the last 24 hours, reversing from a high of $2.288 to close near $2.260 after facing resistance at $2.33.
- Anticipation over a possible spot ETF decision and regulatory wins have fueled recent volatility in XRP’s price.
- Traders are monitoring if XRP’s support at $2.25 can withstand ongoing bearish pressure.
XRP
fell 3.7% over the past 24 hours, reversing from a daily high of $2.288 to close near $2.260 after three rejections at the $2.33 resistance level.
Despite forming a short-term double bottom at $2.250, declining recovery volume points to sustained bearish pressure.
STORY CONTINUES BELOW
- XRP’s sharp pullback follows days of heightened volatility fueled by anticipation over a possible spot ETF decision from Franklin Templeton, expected later this month.
- While momentum had built around regulatory wins — including Ripple’s RLUSD stablecoin approval in Dubai — the market’s response to repeated rejections at the $2.33 resistance level suggests buyers are now facing fatigue.
- XRP remains at the center of broader discussions about the role of crypto in global payments.
- The firm’s ongoing partnerships in the Middle East and Asia-Pacific — particularly in real-world asset tokenization — may support the case for long-term value, but in the short term, technical sentiment has shifted as volume fades on each successive recovery attempt.
- Traders will be watching closely to see if XRP’s support at $2.25 can hold under continued pressure.
• Price declined from $2.288 to $2.260 (3.7% drop), with 5.8% peak-to-trough range.
• Rejections at $2.33–$2.34 zone confirmed resistance and formed a head-and-shoulders pattern (neckline: $2.285).
• Double bottom at $2.250 developed in final hour, triggering a partial recovery.
• Selling peaked at 01:31–01:33 with over 7M units traded.
• Recovery began at 01:53 with higher lows forming, though volume declined on the bounce. • If $2.25 fails, downside target sits near $2.234.
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.
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