XRP Slips as Buyers Struggle at Key Resistance Despite ETF Hopes and Global Expansion Narrative

XRP dropped 3.7% over the past 24 hours, retreating from a daily high of $2.288 and closing near $2.260 after multiple failed attempts to breach the critical $2.33 resistance zone. The repeated rejections, combined with fading recovery volume, signal growing technical fatigue among bulls.

Despite briefly forming a double-bottom pattern at $2.25 late in the session, declining momentum on the bounce suggests that sellers remain in control — at least in the short term.

Behind the Move

XRP’s recent pullback comes amid heightened anticipation surrounding Franklin Templeton’s potential spot ETF decision, expected later this month. Optimism had built in recent days following regulatory wins — including Ripple’s RLUSD stablecoin approval in Dubai — but technical pressures are beginning to outweigh the fundamental headlines.

“The rejection at $2.33–$2.34 has been persistent,” one analyst noted. “Each bounce is getting weaker, and the volume profile isn’t supportive of a sustained breakout just yet.”

XRP also remains central to the ongoing narrative around crypto’s role in cross-border payments and real-world asset tokenization. Ripple’s expanding footprint in the Middle East and Asia-Pacific is seen as a long-term catalyst, but in the near term, traders are watching price structure closely as sentiment softens.

Technical Breakdown

• XRP fell from $2.288 to $2.260 (-3.7%), with a session range of 5.8%.
• The $2.33–$2.34 area continues to act as firm resistance after three rejections, creating a head-and-shoulders pattern with a neckline around $2.285.
• A short-term double bottom formed at $2.25 in the final hour, but the subsequent recovery lacked conviction.
• Peak selling pressure occurred between 01:31 and 01:33, with over 7 million tokens traded.
• A bounce began shortly after at 01:53, marked by a series of higher lows — though volume steadily declined.
• If $2.25 fails as support, the next downside target lies near $2.234.

As traders await clarity on the ETF front and Ripple’s broader regulatory path, XRP’s ability to hold the $2.25 level will be critical in determining whether the current dip is a buying opportunity — or the start of a deeper correction.