XRP breaks critical technical level amid heavy selling pressure, finding temporary support at $2. 05 before stabilizing above $2. 11 in volatile session. News Background • No major fundamental catalysts accompanied the decline, though broader crypto markets weakened • Sentiment remains fragile as Bitcoin’s “Death Cross” heightens risk-off conditions across majors • Institutional flows rotated defensively with XRP underperforming CD5 despite recent ETF launches • Analysts warn that support failures across altcoins may signal early-stage distribution cycles Price Action Summary • XRP dropped 3. 6% from $2. 21 → $2. 13, breaking the critical $2. 15 support • Daily trading range expanded 7. 8% with price testing the $2. 04-$2. 05 demand zone • Volume surged to 177. 9M (+76% above average) during the breakdown sequence • Recovery attempts lifted price back above $2. 11, but follow-through faded on declining volume Technical Analysis XRP endured another technical breakdown Tuesday, sliding 3. 6% to $2. 13 as institutional selling intensified below the key $2. 15 support level. The decline unfolded across a volatile $0. 17 range, with volume spiking 76% above 24-hour norms to 177. 9M tokens confirming large-order participation during the structural failure. Sellers overwhelmed bids during evening trade, forcing XRP into the $2. 04-$2. 05 demand pocket where buyers finally emerged. The rebound pushed the token back toward $2. 11-$2. 12, but the recovery lacked depth as volume evaporated into the session close. Market structure now reflects a clear lower-high, lower-low formation consistent with persistent bearish momentum. Despite ETF-linked inflow narratives, XRP underperformed broader crypto benchmarks a sign that structural supply outweighs fundamental optimism in the near term. What Traders Should Watch The rejection at $2. 21 and subsequent collapse below $2. 15 underline the market’s sensitivity to technical failure points. The $2. 05 support reaction suggests oversold conditions temporarily halted the decline, but the rebound lacks sufficient volume to confirm a durable shift in momentum. Traders now watch whether XRP can reclaim $2. 15, which would neutralize immediate bearish bias. Failure to do so keeps downside targets open, especially as lower-timeframe charts show supply clusters forming at $2. 13-$2. 15 with no sign of aggressive bid absorption. Momentum remains pressured by macro correlations. Bitcoin’s Death Cross, weakening liquidity, and risk-off flows across altcoins suggest volatility may persist, and XRP typically a high-beta asset remains exposed to sector-wide unwind scenarios.
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Bitcoin’s Death Cross Spells Doom for Ripple Bulls
