TLDR
- XRP price has declined below $2.15 after failing to clear the $2.22 resistance
- The cryptocurrency is down nearly 15% in the past week, underperforming other top 20 cryptos
- Despite positive news about Ripple’s SEC lawsuit ending, XRP experienced a classic “sell-the-news” drop
- Technical indicators show bearish signs with support at $2.08 and $2.05
- Large whale movements have seen 1.12 billion XRP (worth $2.3 billion) sold within two days
XRP, the cryptocurrency associated with Ripple, has seen a fresh wave of bearish price action in recent days. The digital asset has started to decline after failing to break through the $2.22 resistance zone. This price movement mirrors similar downward trends in other major cryptocurrencies like Bitcoin and Ethereum.
The digital token is currently trading below the $2.15 mark. This places it under the 100-hourly Simple Moving Average, which many traders use as a key technical indicator. The hourly chart shows a connecting bearish trend line forming with resistance at $2.148.
Technical analysis reveals the price could face significant resistance near the $2.15 level. Additional resistance points exist at $2.18 and then more firmly at $2.20. If buyers can push XRP above these barriers, the price might aim for $2.25 or even $2.30.
Support levels are currently visible at $2.08. This level has already been tested, with the price hitting a recent low of $2.081. The next major support lies at $2.05, which analysts are watching closely.
If the $2.05 support fails to hold, many market watchers believe XRP could slide toward the psychologically important $2.00 mark. A break below this round number could open the door to further losses, possibly toward $1.88.
Recent Price History
What makes XRP’s decline particularly interesting is its underperformance compared to other top cryptocurrencies. While the entire market has faced pressure, XRP has dropped by nearly 15% over the past week. This decline makes it the worst performer among the top 20 cryptocurrencies by market cap.
For comparison, during the same period, Bitcoin decreased by 5.5%. Ethereum fell by 11.6%. Solana saw a 9% reduction in price. XRP’s 14.5% weekly drop stands out as particularly severe among its peers.
The price action is even more surprising given recent positive developments for Ripple. On March 19, Ripple CEO Brad Garlinghouse announced the effective end of the long-running lawsuit between Ripple and the US Securities and Exchange Commission (SEC).
This announcement initially caused XRP to surge to $2.60. The news represented a major victory that the XRP community had awaited for over four years. However, the price boost proved short-lived.
Sell the News Effect
The brief price spike following the lawsuit news demonstrated a classic “sell-the-news” market reaction. Despite the positive development, XRP’s price quickly reversed course and began falling. Even last week’s formal confirmation of the lawsuit closure failed to spark a recovery.
The cryptocurrency has lost approximately 20% of its value since the March 19 peak. It now appears to be at risk of breaking below the $2.00 level, which many traders view as critical support.
The technical indicators show increasing bearish pressure. The MACD for XRP/USD is gaining momentum in the bearish zone. The Relative Strength Index (RSI) has dropped below 50, further confirming the downward trend.
Whale Activity
A potential explanation for XRP’s poor performance may lie in the behavior of cryptocurrency whales. These large market participants had been accumulating XRP after the US elections and during its rise from $0.60 to $3.40 over a period of months.
Recent data shows these whales have changed their strategy. Large holders have started selling significant amounts of XRP. On-chain analysis reveals that whales sold 1.12 billion XRP within just two days.
Whales offloaded 1.12 billion $XRP in the last 48 hours! pic.twitter.com/DlxE1v1NI5
— Ali (@ali_charts) March 30, 2025
This massive sell-off represents over $2.3 billion at current prices. The amount equals almost 2% of XRP’s total market capitalization. Such large-scale selling creates substantial downward pressure on any asset’s price.
For traders and investors, the coming days will be crucial. The $2.00 price level represents a key psychological support. If XRP manages to hold above this mark, it could establish a base for recovery. If it breaks below, further price declines may follow.
The cryptocurrency market as a whole continues to show volatility. XRP’s particular weakness highlights how even positive fundamental developments can sometimes fail to translate into price gains when market sentiment shifts.
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