XRP Slides 5% as Selling Pressure Intensifies Despite Whale Transfers

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XRP confronted sharp draw back strain over the past 24 hours, falling 5.3% regardless of large-scale whale exercise and easing geopolitical tensions.

The asset dipped from $2.21 to a session low of $2.08 earlier than a modest restoration to $2.10.

While the broader crypto market tried to stabilize following ceasefire agreements within the Middle East, XRP’s momentum remained fragile, with technical resistance constructing at $2.17.

News Background

• Market sentiment improved barely after former U.S. President Donald Trump reportedly helped dealer a ceasefire between Iran and Israel, calming some investor fears.
• Despite that, XRP struggled to carry current beneficial properties as merchants reacted to giant on-chain actions. Ripple transferred $439 million price of XRP to an unknown pockets, and different whale wallets moved one other $58 million to centralized exchanges — elevating questions on potential distribution or inner reshuffling.
• Although these occasions drew consideration, the token’s lack of ability to reclaim $2.14 resistance alerts underlying bearish momentum.
• Technical analysts proceed to watch XRP’s descending channel sample, with expectations for a breakout or breakdown between July and September. For now, the $2.08-$2.09 zone stays a vital stage to carry.

Price Action

XRP dropped from $2.21 to $2.10 over the 24-hour interval, marking a 5.3% decline inside a $0.13 vary. The steepest selloff occurred between 12:00 and 16:00 UTC on June 26, with back-to-back hourly quantity surges above 99 million XRP as value fell to $2.10. Resistance shaped clearly at $2.17, with a number of rejection wicks above $2.12 later within the session.

By midnight UTC, XRP had revisited its session low of $2.08. A modest bounce adopted within the remaining hour of the session, as value climbed from $2.09 to $2.10, with short-lived momentum topping at $2.105. A drop in quantity late within the session suggests purchaser fatigue, although the $2.08 assist zone held agency.

Technical Analysis Recap

• XRP declined 5.3% from $2.21 to $2.10, with a complete intraday vary of $0.13
• Heaviest promoting occurred from 12:00–16:00 UTC on quantity over 114M and 99M XRP
• Strong resistance shaped at $2.17; key assist examined at $2.08–$2.09
• Recovery makes an attempt failed at $2.14 and $2.12 earlier than settling round $2.10
• Final hour confirmed modest 0.54% acquire from $2.09 to $2.10, with quantity spiking to 930K XRP throughout 01:42–01:45
• Consolidation close to $2.10 in remaining quarter-hour suggests short-term stabilization

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