XRP Plunges 5% Amid High-Volume Selling Pressure and Macro Uncertainty: Technical Analysis and Market Sentiment

XRP, the native token of Ripple, has experienced a significant 4.5% decline over the past 24 hours, dropping from $2.254 to $2.164 as sellers overwhelmed buyers and forced a breakdown below key support levels. The token now faces increasing pressure at the $2.20 resistance level, with technical indicators showing a sustained downtrend that has yet to reverse. The intensified selling pressure on XRP comes amid rising macroeconomic uncertainty, including ongoing U.S.-China trade friction, mixed central bank policy signals, and the fallout from recent ETF rejections. These factors have soured sentiment across risk assets, leading to a decline in XRP's value. Traders are closely watching Ripple's upcoming RLUSD stablecoin deployment and regional regulatory milestones in Dubai and Singapore, two markets where Ripple's infrastructure continues to expand. However, none of these developments have provided near-term lift for XRP, which is now down nearly 9% for the week. Market observers point to a descending channel forming on the hourly chart as a bearish continuation signal, with volume surging during key resistance tests. Unless buyers can reclaim the $2.20 level, analysts warn that price action could break further toward the $2.10 zone. The sharpest pressure on XRP came during the 15:00–16:00 hour, when volume more than doubled the daily average, cementing resistance around $2.19. A brief recovery attempt later in the session pushed XRP to $2.179, but sellers quickly regained control. A final high-volume drop at 02:01 pushed the price down to $2.162, confirming a lower low and continuing the downtrend. Support has formed around $2.147, with XRP trading in a narrow range near $2.164 as volatility begins to subside. Technical analysis shows that XRP declined from $2.254 to $2.164, a 4.5% drop. High-volume resistance zone formed around $2.19 during peak activity at 15:00–16:00. Support identified at $2.147 where buyers stepped in repeatedly. A short-lived recovery reached $2.179 before being rejected. Volume spike at 02:01 coincided with a 0.8% price drop to $2.162. Immediate resistance now at $2.175; descending channel pattern signals continued bearish pressure. Selling volume has tapered off, suggesting possible stabilization in the near term.