XRP experienced a 5% decline, dropping to $2.47 after breaching the $2.50 support level on Tuesday. The fall was attributed to increased institutional selling pressure, marking one of the largest single-day drops this month. Trading volume surged by 158% to 169 million tokens, indicating heightened market activity.
The breakdown has reinforced resistance at $2.60, shifting market momentum into bearish territory. Technical indicators such as RSI and MACD are showing downside divergence, suggesting further potential declines. Traders are closely monitoring whether XRP can stabilize between $2.43 and $2.46 or if it will continue to fall towards the $2.30–$2.33 range.
XRP Falls 5% to $2.47 Amid Institutional Selling Pressure
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