XRP Slides 4% as Renewed Trade Tensions and Liquidations Shake Crypto Markets

XRP dropped sharply, falling up to 6% in the past day amid growing uncertainty in global markets fueled by renewed trade disputes and forced liquidations. The price declined from $2.20 to $2.14 as broader crypto assets saw a 3.81% loss, pushing the total market cap down to $3.3 trillion.

This selloff follows the U.S. Court of International Trade’s recent decision to overturn previous tariff measures imposed by the Trump administration, reigniting fears of further instability in global trade. XRP was among the hardest hit, with more than $29.68 million in long positions liquidated as traders adjusted their risk exposure.

Industry Moves:

• Webus International, based in China, announced a $300 million fundraising effort via non-equity financing to support its chauffeur payment platform backed by XRP reserves. This initiative seeks to integrate XRP’s blockchain capabilities for cross-border settlements, including on-chain booking data and a Web3-powered loyalty scheme. The company is also renewing its partnership with Tongcheng Travel Holdings to facilitate payments on the XRP Ledger.
• Bitget recently added Ripple’s RLUSD stablecoin to its offerings, broadening access to Ripple’s payment infrastructure.
• Ripple’s newly released report highlights the massive opportunity in cross-border B2B payments, currently valued at $31.6 trillion and projected to reach $50 trillion by 2032. The report emphasizes that Ripple’s blockchain-based stablecoin network provides a faster, more transparent, and cost-effective alternative to traditional multi-layered payment rails, enhancing liquidity and reducing failed transfers.

Technical Overview:

XRP met strong resistance at $2.21, failing to sustain any meaningful rebound, while buyers stepped in near $2.11 to limit downside during high-volume morning sessions.

Price action shows consolidation between $2.13 and $2.14, though lower highs indicate ongoing selling pressure.

Late-session trading formed a higher low around $2.135, hinting at potential short-term support. However, a tight resistance band at $2.144–$2.145 remains a hurdle for bulls.

Key Technical Points:

• XRP declined roughly 5.7% from $2.20 to $2.14.
• Price fluctuated within a 5.9% range between $2.22 and $2.09.
• Heavy selling pressure at $2.21 during afternoon and evening sessions.
• Strong buying at $2.11 during early hours prevented further slide.
• Consolidation between $2.13 and $2.14 suggests possible stabilization.
• Higher low at $2.135 contrasts with resistance at $2.144-$2.145.
• Session closed at $2.137 amid volatile trading and tentative support.

As XRP battles through macroeconomic uncertainties and technical resistance, traders will be watching for clear signals of a recovery or further downturn.