Connect with us

CryptoCurrency

XRP’s Price Dumps 8% in a Week: Traders Watch $1.90 Support

Published

on

🇬🇧

XRP has continued to trade lower following the latest Federal Reserve policy meeting. Short-term volatility has increased across the market, with analysts now watching key support levels.

Meanwhile, traders are focusing on the $1.90 zone, which has previously held as a strong support level. Current price action, technical signals, and network data all point to a period of uncertainty and possible range-bound trading in the near term.

Market Remains Range-Bound

XRP is trading at $2.01 at press time, reflecting a 4% loss over the last 24 hours and nearly 8% down on the week. Price remains inside a multi-month trading range, with support near $1.90 and resistance around $3.60. The price has failed multiple times to break past the $2.1 area, where selling pressure continues to be noted.

Advertisement

According to ChartNerd, the Relative Strength Index (RSI) is in a compression phase, with a current reading of 39, indicating weak but not oversold conditions. The Stochastic RSI, however, is now in oversold territory and has shown a bullish crossover. This may suggest price is nearing an area where traders look for a reversal — if $1.90 support remains intact.

Analysts Watch Bitcoin’s Role in Sentiment

CRYPTOWZRD stated that XRP’s recent bearish move followed the wider Bitcoin decline during and after the Federal Open Market Committee (FOMC) meeting.

“Once Bitcoin finds support and panic fades, XRP should push higher,” they noted.

Bitcoin dominance remains stable, but analysts believe a drop in that metric would help for XRP’s strength to recover. For now, $2 is viewed as a key short-term support level, with $2.3 as the next major resistance. Any move below $2 would open the door for a test of the longer-term $1.90 support.

On-Chain Data Shows Mixed Market Signals

According to Steph Is Crypto, XRP network activity has declined to 37,088 active addresses, marking the lowest level in three months. This drop comes as US spot XRP ETFs recorded over $190 million in inflows over the past week with no outflows, showing sustained institutional interest.

Advertisement

Exchange supply has also dropped, falling to 2.6 billion tokens. Over the past two months, more than 1.35 billion XRP has been moved off exchanges. Large holders reportedly sold over 500 million XRP worth more than $1 billion in one week, as reported by CryptoPotato.

The post XRP’s Price Dumps 8% in a Week: Traders Watch $1.90 Support appeared first on CryptoPotato.

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2025 Wordupnews.com