XRP holders are watching the charts with caution as the cryptocurrency drops 2.91% in the last 24 hours, marking the fourth straight day of decline. In total, XRP has lost 7.47%, leaving investors wondering: Why is XRP struggling despite huge positive factors behind it?
The answer isn’t as simple as “bad news” or “market uncertainty.” In fact, XRP has plenty of strong fundamentals, but its price action tells a different story. Is it just a technical pullback, or is something bigger at play?
Technical Breakdown vs. Fundamental Strength—The Market’s Tug-of-War
While XRP has been making headlines for all the right reasons, technical indicators are dragging it down. The cryptocurrency broke below a symmetrical triangle pattern on the H4 timeframe, a classic bearish signal.
When traders see a pattern break to the downside, it mostly triggers a sell-off, putting even more downward pressure on the price. So, even though XRP’s fundamentals are strong, technical weakness is keeping it in the red—at least for now.
XRP Technical Outlook
Right now, XRP is sitting at a crucial support level of $2.2193, the same level where the symmetrical triangle pattern first began on March 18.
Image Source: TradingView
Warning Signs on the Chart:
The Awesome Oscillator (AO) is showing growing red bars below the zero line, signaling strong bearish momentum.
The 50 EMA (blue) and 100 EMA (red) have crossed downward, another clear sign of selling pressure.
If XRP breaks below $2.2193, it could drop to $2.1587, with a further move down to $1.9977. This is over 10% lower than current price levels.
On the Flip Side:
If XRP’s fundamentals start outweighing technical signals, buyers could step in. A break above $2.2959 would be the first sign of recovery, potentially sending XRP toward $2.3723 and then $2.4779.
Ripple Partners with Chipper Cash
On paper, Ripple is making serious progress. It recently partnered with Chipper Cash to enhance cross-border payments in Africa and make transactions faster and cheaper. This kind of real-world adoption should have been a bullish catalyst, but the market seems hesitant.
Tweet Source: https://x.com/chippercashapp/status/1905182853295407291
Meanwhile, Ripple has also secured a regulatory license from the Dubai Financial Services Authority (DFSA). It seems like, with its legal battle against the SEC largely behind it, Ripple is shifting focus toward international markets.
Yet, despite these major moves, XRP’s price isn’t reflecting its growth. Could it be that traders are just waiting for a bigger catalyst?
BlackRock and Ripple – Is XRP ETF on the Road?
One potential spark for Ripple’s price could be an XRP-spot ETF, something that Ripple CEO Brad Garlinghouse has hinted at. If BlackRock—the firm behind the hugely successful iShares Bitcoin Trust (IBIT), which pulled in $39.83 billion in inflows—were to back an XRP ETF, could it send prices soaring?
The market seems to think so. According to Polymarket, the odds of an XRP ETF approval by December 2025 have jumped to 83%, up from just 57% in January. If that happens, XRP could see a major shift in sentiment and price action.
Tweet Source: https://x.com/Crypto_Dec0ded/status/1905487990530642022
What’s Next for XRP?
Despite recent struggles, XRP’s long-term outlook remains strong. But in the short term, traders seem focused on technical indicators rather than Ripple’s global expansion and potential ETF approval.
So, will sentiment shift in XRP’s favor soon? Or will technical weakness keep it stuck in a downward spiral?
What’s your take—is this just a short-term dip, or is XRP in for a bigger correction?
