XRP faced strong downward pressure in the last 24 hours, falling 5.3% despite large -scale whale activity and relieve geopolitical tensions.
The asset fell from $ 2.21 to a session minimum of $ 2.08 before a modest recovery at $ 2.10.
While the largest cryptographic market tried to stabilize after high fire agreements in the Middle East, the XRP impulse remained fragile, with a technical resistance construction at $ 2.17.
News history
- The feeling of the market improved slightly after, according to the reports, the former president of the United States, Donald Trump, helped negotiate a high fire between Iran and Israel, calming some investor fears.
- Despite that, XRP fought to maintain recent profits as merchants reacted to large movements in the chain. Ripple transferred $ 439 million in XRP to an unknown wallet, and other whale wallets transferred another $ 58 million to centralized exchanges, which raises questions about potential distribution or internal reorganization.
- Although these events caught the attention, the inability of the Token to recover $ 2.14 resistance signals underlying the bearish impulse.
- Technical analysts continue to monitor XRP’s descending channel pattern, with expectations of a break or breakdown between July and September. For now, the $ 2.08- $ 2.09 zone remains a critical level to maintain.
Price action
XRP fell from $ 2.21 to $ 2.10 during the 24 -hour period, marking a 5.3% decrease within a range of $ 0.13. The most steep sale occurred between 12:00 and 16:00 UTC on June 26, with volume increases per consecutive hour above 99 million XRP as the price fell to $ 2.10. The resistance was clearly formed to $ 2.17, with multiple rejection wicks above $ 2.12 later in the session.
For Midnight UTC, XRP had reviewed its low session of $ 2.08. A modest rebound continued in the last hour of the session, since Price rose from $ 2.09 to $ 2.10, with a short -lived impulse to $ 2,105. A fall in the volume at the end of the session suggests fatigue of the buyer, although the support zone of $ 2.08 remained firm.
Technical Analysis Summary
• XRP decreased 5.3% of $ 2.21 to $ 2.10, with a total intradic range of $ 0.13
• There was a greater sale of 12: 00–16: 00 UTC in volume of more than 114 my 99m xRP
• Strong resistance was formed to $ 2.17; Key support proven at $ 2.08– $ 2.09
• Recovery attempts failed at $ 2.14 and $ 2.12 before liquidating around $ 2.10
• The final time showed a modest gain of 0.54% of $ 2.09 to $ 2.10, with volume of peaks at 930k XRP during 01: 42–01: 45
• Consolidation about $ 2.10 in the last 15 minutes suggests a short -term stabilization
