Can the Ripple price hold near $2.15, or is the market preparing for another move toward lower levels?
Summary
- XRP is trading near $2.15 after a steep slide from its July peak, with weak buying interest across key levels.
- Technical indicators show soft momentum, and analysts warn that losing $2.12 could open a path toward $2.10 and $2.05.
- ETF launches are drawing attention, but price action remains muted as many holders sit on losses and selling pressure stays elevated.
Ripple is under pressure. XRP is trading near $2.15 after a 5% decline in the past 24 hours and is now about 40% below its July peak of $3.65.
Analysts say the market structure has weakened as Bitcoin (BTC) has slipped below $90,000, mainly because a large share of Ripple (XRP) holders are sitting on losses, increasing the risk of further selling if sentiment deteriorates.
Tony Sycamore of IG Australia notes that the drop caught both long-term holders and new buyers off guard. Many had positioned for continued upside, while late entrants bought near the top out of fear of missing out.
Technical indicators are not offering support. XRP is below $2.20 and under the 100-hour simple moving average. A downward trend line near $2.22 continues to cap any attempt at recovery. The token also remains below the 23.6% Fibonacci retracement level, showing weak buying interest at current prices.
XRP price chart | Source: crypto.newsMomentum signals point the same way. The hourly MACD is firmly negative, and the RSI has slipped below 50. Analysts say that failure to clear $2.22 keeps the $2.12 support exposed. If that level breaks, a move toward $2.10 and $2.05 becomes likely.
This weakness appears even as investor interest in XRP ETFs is rising. The recent ETF launch attracted more attention than any other US ETF debut of 2025. Four additional spot XRP ETFs from Franklin Templeton, Bitwise, 21Shares, and CoinShares are set to follow.
JPMorgan estimates that these ETFs could draw $4–8 billion in their first year, adding institutional capital that XRP has not consistently received. A previous XRPR ETF launch in the US drove an 18% price gain ahead of trading and quickly gathered $150 million in assets.
Market behaviour today, however, has been muted. Prices continue to fall despite positive ETF activity, which shows that technical weakness and cautious sentiment are dominating near-term movement.
Some analysts argue that XRP may be stabilizing above $2, but they also point out that any meaningful reversal would require a move above $2.62. CoinGlass data shows heavy supply zones between $2.34 and $2.67, signalling that attempts to recover are likely to meet resistance.
Sycamore notes that a broader recovery requires a break back above $2.70 after clearing several intermediate hurdles including $2.22, $2.28, $2.32, and $2.40.
If buyers fail to protect $2.10, the decline could speed up, opening the path to $2.05 and potentially $1.88, which is about 12% lower than current levels. The next two trading sessions will show whether incoming ETF-driven demand can counter the ongoing pressure created by retail holders still underwater.
Source: https://crypto.news/ripple-price-slides-below-support-analysis/
