Ripple (XRP) Faces Two Days of Price Decline
Ripple (XRP) has dropped for two days in a row as the crypto market shows weakness. The technical outlook for XRP looks negative. Bitcoin reached a new high of $126,199 on Monday, but altcoins like XRP have seen less interest. Investors expect the US Federal Reserve to cut interest rates by 25 basis points to 3.75%-4.00% later this month. This may affect the market’s future direction.
Traders are watching if XRP can hold its short-term support at $2.70. A rise above the $3.00 resistance level could signal a return to an uptrend.
Profit-Taking Slows XRP’s Uptrend
XRP traded near $0.60 in November and surged past $2.00 by year-end. The rally continued early this year after US President Donald Trump promised clearer crypto regulations. XRP reached $3.14 in January but fell due to profit-taking and market risks. It dropped to $1.62 in April after a tariff-related crash.
Interest stabilized, and XRP hit a new high of $3.66 in mid-July. Since then, XRP has trended downward amid cautious sentiment toward altcoins. Data from Glassnode shows that many investors who bought XRP below $1.00 have taken profits. This selling pressure has weakened XRP’s bullish momentum.
- Two major profit-taking waves occurred in December 2024 and July 2025.
- These waves reduced much of the market’s buying strength, says Glassnode.
Technical Outlook: Bears Control XRP Price
On Friday, XRP traded around $2.74 after bulls failed to stop losses. The Moving Average Convergence Divergence (MACD) indicator shows a strong sell signal since Thursday. The MACD line is below the signal line, suggesting bears are in control.
If XRP falls below $2.70 and the 200-day EMA at $2.64, the downtrend may continue. However, a move above the 100-day EMA at $2.85 and the 50-day EMA at $2.91 could help XRP break the downtrend. This may lead to gains above the $3.00 resistance level.
