Why XRP Price Is Down Today—Market Fears and ETF Rejections to Blame?

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Ah, dear reader, the tale of XRP unfolds with all the drama of a Shakespearean tragedy, as it finds itself once more under the oppressive weight of market pressures. In a most unfortunate turn of events, our beloved token has slipped nearly 5% in the past 24 hours, as if it were a wayward child tumbling down the stairs of financial misfortune. From a lofty perch of \$2.254, it has plummeted to a mere \$2.164, extending its weekly loss to a staggering 9%. Despite valiant attempts at recovery, the sellers, those merciless harbingers of doom, continue to reign supreme, with the \$2.20 resistance standing as a formidable fortress against any hopeful advances. 🏰

XRP Drops 5% as High-Volume Selling Pressure Dominates Market #Markets #News @italiasingapore

— Singapore Italian Association (@italysingapore) June 18, 2025

XRP Faces Heavy Selling Pressure Near $2.19

In a most theatrical display, the greatest wave of selling occurred between the hours of 3 PM and 4 PM, where trading volume doubled, as if the market were a stage and the traders mere actors in a tragic play. Buyers, in a desperate bid, attempted to elevate the price to \$2.179, but alas, their efforts were as fleeting as a summer romance. By the break of dawn, another high-volume drop sent XRP spiraling to a dismal low of \$2.162. Now, it languishes near \$2.164, with support lurking around \$2.147, a level where buyers have occasionally donned their capes to save the day. 🦸‍♂️

Why XRP Price is Not Moving?

Ah, the broader market conditions, those fickle friends, are not lending a helping hand. Global uncertainty, particularly the tempestuous U.S.-China trade relations and the cryptic signals from central banks, have left investors quaking in their boots. To add insult to injury, the recent rejection of multiple ETF applications has cast a long shadow over the already beleaguered crypto landscape. 😱

Our astute analyst, BullnChill, has pointed out the curious combination of heavy volume and a price drop, a classic sign of an impending shift in market sentiment. Experts, those wise sages of the financial realm, speculate that this turmoil may be driven by broader macro volatility, regulatory uncertainty, and the relentless pressure that seems to grip the crypto market like a vice. Investors now find themselves in a state of suspense, pondering whether this is mere noise or the harbinger of something far more significant for XRP. 🎭

Even as Ripple toils away on its RLUSD stablecoin and expands its reach to exotic locales like Dubai and Singapore, such developments have failed to ignite a spark of optimism—at least for the time being. 🔥

What Next For XRP Price?

Technical patterns, those cryptic messages from the universe, suggest that more downside may be on the horizon unless a miraculous shift in momentum occurs. A descending channel on the hourly chart hints that the current downtrend could persist, much like a bad joke that refuses to die. Until the bulls can transform \$2.20 into a bastion of support once more, XRP may find itself on a slippery slope, possibly testing the \$2.10 zone next. 🐂

For now, a semblance of calm has descended as selling volume begins to wane, granting XRP a brief respite. Yet, the trend still leans bearish, like a gloomy cloud hanging over a picnic. The key test remains the reclamation of \$2.20. Without that, dear reader, XRP’s recovery may remain ensnared in the clutches of limbo, much like a forgotten sock in the dryer. 🧦

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2025-06-18 10:38