Le XRP a fortement chuté mercredi alors que les vendeurs ont dépassé les zones de support clés, déclenchant une liquidation généralisée sur les bourses tandis que les flux institutionnels ont entraîné l’activité commerciale la plus importante depuis plus d’une semaine.
News context
XRP fell 7.5% over 24 hours from $2.40 to $2.22 amid a broad sell-off that accelerated after the token breached technical support at $2.28. This distribution was accompanied by an increase in trading volume which reached 137.4 million, an increase of 84% above the daily average.
The selling wave peaked at 15:00 GMT, when cascading stop orders amplified the downward pressure, forcing XRP to break through several short-term support levels. The decline spans a range of $0.21, highlighting increased volatility as traders unwind their leveraged positions.
At the end of the session, commercial activity fell sharply to 7.0 million as sales momentum slowed. The sharp contraction in volume reflects the exhaustion of short-term participants after one of the biggest intraday declines this month.
Price Action Summary
The price briefly stabilized near $2.20 before rebounding modestly to $2.224, forming a series of higher lows through 02:12 GMT as short-term buyers entered oversold levels. This move reflects a tactical buildup rather than a directional conviction, with the structure as a whole remaining bearish.
Despite the rebound, XRP failed to reclaim the $2.28 split level, confirming the shift of market control to sellers. Consolidation around $2.218 dominated the final hours of trading, highlighting indecision amid depleting liquidity. This trend reflects previous breakout phases, during which a stabilization of low volumes precedes either short-lived recoveries or further declines.
Technical analysis
XRP’s daily structure now confirms a firm bearish bias following several failed retests of the $2.40 resistance zone. The decisive break below $2.28 marked the completion of a descending channel formation visible on the 4-hour charts, a trend typically associated with continuation setups in corrective markets.
Momentum indicators turned sharply negative as the RSI returned from neutral levels to slightly oversold territory, while MACD readings moved to a bearish alignment for the first time in two weeks. These signals support the near-term continuation thesis unless XRP reclaims the pivot range of $2.28 to $2.30.
Volume analysis reinforces the bearish view, with the 84% rise during the breakdown contrasting sharply with the decline in participation during the rebound – a classic signature of institutional distribution rather than retail-driven volatility.
What Traders Should Know
Traders are wondering if $2.20 can act as interim support amid continued selling pressure. A decisive break below this level would expose $2.10 to $2.00, where prior consolidation zones provide limited technical cushioning.
Conversely, recovery efforts require a firm close above $2.28 to neutralize the current downtrend and pave the way towards resistance at $2.35 to $2.40. Short-term market sentiment remains fragile as derivatives data shows growing short exposure and reduced spot demand.
