Close Menu
  • Home
  • News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
  • XRP
  • AI
  • All Posts
What's Hot

Bitcoin Confronts Federal Reserve Policies and Middle Eastern Conflicts

Jun. 18, 2025

The U.S. Senate Approves the GENIUS Act to Establish Stability Regulations

Jun. 18, 2025

XRP Encounters Selling Pressure: Will the Downward Price Trend Continue?

Jun. 18, 2025
Facebook X (Twitter) Instagram
Crypto VersenetCrypto Versenet
  • Home
  • News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
  • XRP
  • AI
  • All Posts
Facebook X (Twitter) Instagram
Crypto VersenetCrypto Versenet
Home » XRP Encounters Selling Pressure: Will the Downward Price Trend Continue?
XRP

XRP Encounters Selling Pressure: Will the Downward Price Trend Continue?

By adminJun. 18, 2025No Comments2 Mins Read
Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit Email
XRP Encounters Selling Pressure: Will the Downward Price Trend Continue?
XRP Encounters Selling Pressure: Will the Downward Price Trend Continue?
Share
Facebook Twitter LinkedIn Pinterest Email

XRP’s Price Decline

XRP’s price experienced a sharp decline of approximately 5% over the past 24 hours, settling at $2.164. This downturn amplified the altcoin‘s weekly loss to nearly 10%. Despite several initiatives from buyers aiming for price recovery, sellers currently dominate the market. A significant price resistance lies at the $2.20 level, which buyers have yet to surpass. The intense selling volume has led to the breaching of critical support levels on the downside, casting a shadow over the altcoin’s short-term outlook.

Intense Selling Pressure Impacting XRP

Recently, the selling volume for XRP doubled, reinforcing resistance around the $2.19 level. Attempts by buyers to elevate the price to $2.179 were short-lived. Earlier in the day, another wave of high-volume selling drove XRP to a lower level of $2.162. The altcoin is currently hovering around the $2.164 mark. The support level near $2.147, known for past buyer interventions, is being closely monitored by market participants.


Altcoin XRP

Analyst BullnChill highlights the unusual amalgamation of high trading volume and price decline, often suggesting a notable shift in market sentiment. Technical indicators point towards further potential declines unless momentum shifts. The descending channel formation on the hourly chart suggests the persistence of the current downtrend, indicating sellers remain in control.

Underlying Causes of Price Decline

Overall market conditions, coupled with the SEC’s delayed decision on ETF applications, have adversely affected XRP. Global uncertainties, notably the Iran-Israel conflict and unclear signals from central banks, have unsettled investors. Additionally, the postponement of decisions regarding several crypto ETF applications has exacerbated the negative outlook on risk assets like cryptocurrencies.

Experts believe these movements may be triggered by broader macroeconomic fluctuations, regulatory uncertainties, and pressures across the cryptocurrency market. Investors are keen to discern whether this signals a temporary disturbance or the onset of a larger decline for XRP. Developments such as Ripple

$2‘s work on its RLUSD stablecoin and its expansion into regions like Dubai and Singapore have yet to generate notable optimism in the market.

While XRP faces substantial selling pressure, the cryptocurrency market’s unpredictable nature leaves room for potential reversals. Vigilance in market analysis remains crucial for stakeholders navigating these challenging times. Market participants continue to weigh regulatory developments and worldwide economic conditions as they attempt to decode the ensuing market trends.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
admin
  • Website

Related Posts

Ripple and SEC Propel Pivotal Court Ruling with Future Implications

Jun. 17, 2025

XRP Captures Attention with Remarkable Price Fluctuation

Jun. 17, 2025

Purpose Investments Launches Canada’s First Spot XRP Exchange-Traded Fund (ETF)

Jun. 17, 2025

SEC Under Examination: Legal Experts Contest Arguments in XRP Case

Jun. 14, 2025

BlackRock Targets XRP and Solana ETFs to Enhance Its Market Dominance

Jun. 13, 2025

Judge Torres Expected to Approve the Joint Request from Ripple and the SEC

Jun. 13, 2025
Leave A Reply Cancel Reply

Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Our Picks

Bitcoin Confronts Federal Reserve Policies and Middle Eastern Conflicts

Jun. 18, 2025

The U.S. Senate Approves the GENIUS Act to Establish Stability Regulations

Jun. 18, 2025

XRP Encounters Selling Pressure: Will the Downward Price Trend Continue?

Jun. 18, 2025

Bitcoin Rises as Trump Takes a Stance on Iran and Federal Reserve Rates

Jun. 18, 2025
Website Introduction
Website Introduction

Crypto Versenet is your go-to source for crypto news, covering market trends, expert analysis, and industry updates. Join us to delve deep into the future of digital currencies and the innovations in blockchain technology.

Our Picks

Bitcoin Confronts Federal Reserve Policies and Middle Eastern Conflicts

Jun. 18, 2025

The U.S. Senate Approves the GENIUS Act to Establish Stability Regulations

Jun. 18, 2025

XRP Encounters Selling Pressure: Will the Downward Price Trend Continue?

Jun. 18, 2025
X (Twitter) Telegram
  • Home
  • News
  • Cryptocurrency
  • XRP
  • AI
© 2025 Crypto Versenet All rights reserved.

Type above and press Enter to search. Press Esc to cancel.