- XRP loses steam after hitting a multi-month high.
- Large price swings signal strong activity from traders and institutions.
- Price testing critical zones that could decide its next move.
XRP had an explosive run recently, surging past multiple resistance levels before hitting a peak at $3.40. But just as quickly as it climbed, it started giving back some of those gains. According to TradingView, the token is now trading around $2.30, down significantly from its recent highs, raising questions about whether this is a normal correction or something more concerning.
Traders who jumped in early likely took profits near the top, adding to the selling pressure. This kind of retracement isn’t out of the ordinary—after big rallies, assets often cool off before making their next move. The key now is whether XRP can find solid support at current levels or if another leg down is coming.
Crypto analysts like Pepa aren’t certain whether XRP will continue to go down or will start building momentum for another bullish rally.
Pulled Back But Still Strong in the Crypto Market
Even with the pullback, XRP remains one of the most actively traded assets. Recent volume spikes suggest that both bulls and bears are battling for control, leading to wild price swings. Liquidity is strong, but it’s clear that sentiment is shifting, at least in the short term.
This kind of price action usually attracts two types of traders: those looking for a bargain and those trying to ride the momentum lower. For now, the volume data indicates a lot of back-and-forth movement, which means the next few trading sessions could be critical in determining XRP’s direction.
With XRP now testing the $2.30 range, the next move depends on how it reacts to support. If buyers step in aggressively, we could see a rebound toward the $2.65–$2.90 zone. However, if selling pressure continues, a drop toward $2.00 or even lower isn’t out of the question.
Historically, XRP has seen strong recoveries after big corrections, but this time, macro factors and overall market sentiment will play a big role. If Bitcoin and Ethereum continue facing downward pressure, XRP could struggle to regain momentum in the short term.
A Correction or the Start of Something Bigger?
Right now, XRP is at a crossroads. The recent drop could be a temporary breather before another push higher, or it might be signaling a deeper trend reversal. What’s certain is that volatility isn’t going anywhere anytime soon.
For traders, this is a time to stay cautious but also watch for potential opportunities. If XRP stabilizes and builds support, it could be gearing up for another run. But if the sell-off continues, patience might be the best strategy until a clearer trend emerges. Either way, XRP remains a major player in the market—and it’s not one to ignore.
