
The XRP rate has fallen by more than eight percent in 24 hours to the psychological limit of 3 dollars. The sale was caused by heavy sales pressure around the resistance level of 3.17 dollars. Especially during the nocturnal trading hours, an unusually high volume took place, which indicates structural weakness in the market.
XRP course breaks under crucial support after Trump levies
The cryptomarkt was hit after Donald Trump announced that he wants to introduce new import duties for countries without a trade agreement with the US. That news caused broad uncertainty among investors and put pressure on almost all major coins. XRP got it extra hard to endure.
The race fell from 3.17 to 2.94 dollars, with a substantial relapse of 2.7 percent within one hour around midnight. During that hour, more than 259 million XRP changed ownership-almost four times the 24-hour average. A slight revival of up to $ 2.98 followed, but the technical image remains weak.
After the initial shock reaction, the trade volume calmed. That could indicate that larger parties built up positions around the zone of $ 2.94 – a level that lasted several times and acts as a short -term support.
Whale activity sends mixed signal
Large XRP owners have sold an average of 28 million dollars on average in the last three months, according to on-chain data. This indicates continuing outflow by institutional parties and early investors who take a profit or reduce their position.
At the same time, there is also large -scale purchase. During the recent decrease, more than 310 million XRP disappeared from trade fairs, which suggests that other parties get in and hold for the long term.
In addition, the news comes that Maxwell Stein will speak of asset manager BlackRock on Ripple’s Swell 2025 conference. His arrival fuels speculations about increasing institutional interest and possible ETF plans around XRP.
Technical analysis: XRP price remains under pressure
The zone between 2.94 and 2.95 dollars remains crucial. This support held several tests and was followed by ‘Dip-Buying’ towards $ 2.98. But without renewed buying pressure, the risk of further relapse remains.
Resistance is now around 3.02 to 3.05 dollars. As long as XRP remains underneath, the downward trend remains intact. Indicators indicate a bearish momentum, although the sales pressure weakens somewhat.
Keep an eye on investors
- Or stands $ 2.94 as a new soil
- Signals of new accumulation or decreasing sale by Whales
- The role of BlackRock and possible ETF narratives around Ripple Swell 2025
- Response from the course at the 3.00ā3.05 dollar zone, a level that previously functioned as a distribution area
Source: https://newsbit.nl/xrp-koers-crasht-onder-3-dollar-trump-tarieven-zetten-cryptomarkt-op-scherp/