XRP Drops 9% in 24 Hours as Selling Pressure Intensifies: Here's What's Behind the Move

Source: ETHNews Original Title: XRP Drops 9% in 24 Hours as Selling Pressure Intensifies: Here’s What’s Behind the Move Original Link: XRP slid 9% over the past 24 hours, sharply underperforming the broader crypto market’s 4.8% daily decline. The token dropped to the $2.02 zone, marking one of its weakest intraday performances this month as sentiment across the market deteriorated.

Below is a breakdown of the three main forces driving XRP’s decline.

Market-Wide Stress Deepens

Fear dominated the crypto landscape throughout the day as Bitcoin’s correction pressured the entire altcoin sector.

The Crypto Fear & Greed Index fell to 16/100, signaling “extreme fear,” while Bitcoin spot ETFs saw heavy outflows. Risk-off sentiment hit alternative assets much harder, and XRP, traditionally more volatile during macro shocks, reacted with accelerated downside.

With liquidity thinning across altcoins and ETF redemptions rippling through the market, XRP faced broad selling unrelated to any project-specific developments.

Profit-Taking Accelerates

On-chain data shows a wave of profit-taking emerged after several weeks of elevated volatility and ETF-driven inflows.

Roughly 41.5% of XRP’s circulating supply is now held at a loss, a level that historically coincides with forced selling, capitulation, or stop-loss cascades. Long-term holders who accumulated earlier in the year trimmed exposure as negative momentum built.

This selling behavior amplified downward pressure and increased volatility on intraday charts.

Technical Breakdown Intensifies Bearish Momentum

From a chart perspective, XRP lost a critical short-term support zone.

The token broke below the 7-day SMA near $2.26, triggering algorithmic selling and invalidating short-term bullish structures.

TradingView indicators show:

• MACD: Bearish crossover sustained, indicating strong downward momentum
• RSI: Hovering around 46, reflecting weakening buyer strength but not yet in oversold territory
• Price structure: Consistent lower highs and lower lows since the $2.25 rejection

XRP’s failure to reclaim the $2.20 resistance accelerated the drop toward the $2.03–$2.00 range, where buyers are now attempting to stabilize the pair.