Ripple's token has repeatedly failed to break resistance at $2.17, reinforcing a bearish descending channel pattern that remains unresolved.
A legal setback further pressured sentiment, as a judge rejected a proposed settlement between Ripple and the SEC, renewing regulatory uncertainty.
FM
XRP’s price has come under intense pressure despite a
series of major wallet transfers and a brief period of geopolitical calm. The
token dropped 3% over the last 24 hours, falling to $2.08 even as whales
moved nearly half a billion dollars worth of XRP. The latest slump has shifted focus to the
$2.08 support zone closely, and the risks of a deeper breakdown are building.
The decline came despite broader market relief
following news of a ceasefire between Iran and Israel, reportedly brokered with
the help of U.S. President Donald Trump.
While that helped stabilize global sentiment, XRP
remained an outlier in weakness. The token dropped from a session high of $2.15 to $2.08, then bounced slightly to $2.14. This trajectory marked its steepest
intraday fall since mid-June.
XRP's daily chart shows a significant price decline
XRP Price Analysis
Adding to the selling pressure was a large-scale XRP
transfer by Ripple itself. The company moved $439 million worth of tokens to an
unknown wallet, prompting speculation about possible distribution to exchanges.
Meanwhile, other whale wallets moved another $58
million in XRP to centralized trading platforms, fueling fears
of a broader selloff or internal asset reshuffling, Coindesk reported.
XRP Extends Losses
Technically, XRP failed to hold above key levels.
Resistance solidified around $2.18 after multiple rejections, while the
$2.08–$2.09 support zone has turned into a critical line to watch.
Analysts are also tracking a descending channel
pattern that has yet to be resolved. The most intense selling occurred between 12:00 and 16:00 UTC, when volume surged above 114 million XRP, and prices fell
sharply.
XRPUSD Price Chart, Source: TradingView
Despite a brief recovery to $2.105, low volume late in
the session pointed to buyer fatigue. Without strong bullish action, XRP risks
falling through the $2.08 floor, possibly targeting the $2 or even $1.91
levels.
Legal Setback Adds to Bearish Sentiment
Compounding the technical stress was a court ruling
that rejected a proposed settlement between Ripple and the U.S. Securities and
Exchange Commission. U.S. District Judge Analisa Torres denied a joint motion
to finalize a reduced penalty, reigniting uncertainty around the long-running
legal battle.
Traders reacted swiftly, with selling accelerating as
the news broke. The legal setback overshadowed any optimism around Ripple’s
ongoing regulatory progress and introduced fresh risk for XRP holders.
Volatility Drops
XRP’s 30-day realized volatility has dropped to 44%,
the lowest since November 2024. While this suggests a calmer market, volatility
is known to revert over time. If history is any guide, such low volatility may
soon give way to a strong directional move—up or down.
Despite the listing of XRP futures on the CME and
discussions around a potential XRP ETF, price action has remained contained
between $2.00 and $2.60 since March. Traders are now waiting for a decisive
break, with either a bullish reversal back toward $2.23 or a deeper retreat
below $2.00.
XRP’s price has come under intense pressure despite a
series of major wallet transfers and a brief period of geopolitical calm. The
token dropped 3% over the last 24 hours, falling to $2.08 even as whales
moved nearly half a billion dollars worth of XRP. The latest slump has shifted focus to the
$2.08 support zone closely, and the risks of a deeper breakdown are building.
The decline came despite broader market relief
following news of a ceasefire between Iran and Israel, reportedly brokered with
the help of U.S. President Donald Trump.
While that helped stabilize global sentiment, XRP
remained an outlier in weakness. The token dropped from a session high of $2.15 to $2.08, then bounced slightly to $2.14. This trajectory marked its steepest
intraday fall since mid-June.
XRP's daily chart shows a significant price decline
XRP Price Analysis
Adding to the selling pressure was a large-scale XRP
transfer by Ripple itself. The company moved $439 million worth of tokens to an
unknown wallet, prompting speculation about possible distribution to exchanges.
Meanwhile, other whale wallets moved another $58
million in XRP to centralized trading platforms, fueling fears
of a broader selloff or internal asset reshuffling, Coindesk reported.
XRP Extends Losses
Technically, XRP failed to hold above key levels.
Resistance solidified around $2.18 after multiple rejections, while the
$2.08–$2.09 support zone has turned into a critical line to watch.
Analysts are also tracking a descending channel
pattern that has yet to be resolved. The most intense selling occurred between 12:00 and 16:00 UTC, when volume surged above 114 million XRP, and prices fell
sharply.
XRPUSD Price Chart, Source: TradingView
Despite a brief recovery to $2.105, low volume late in
the session pointed to buyer fatigue. Without strong bullish action, XRP risks
falling through the $2.08 floor, possibly targeting the $2 or even $1.91
levels.
Legal Setback Adds to Bearish Sentiment
Compounding the technical stress was a court ruling
that rejected a proposed settlement between Ripple and the U.S. Securities and
Exchange Commission. U.S. District Judge Analisa Torres denied a joint motion
to finalize a reduced penalty, reigniting uncertainty around the long-running
legal battle.
Traders reacted swiftly, with selling accelerating as
the news broke. The legal setback overshadowed any optimism around Ripple’s
ongoing regulatory progress and introduced fresh risk for XRP holders.
Volatility Drops
XRP’s 30-day realized volatility has dropped to 44%,
the lowest since November 2024. While this suggests a calmer market, volatility
is known to revert over time. If history is any guide, such low volatility may
soon give way to a strong directional move—up or down.
Despite the listing of XRP futures on the CME and
discussions around a potential XRP ETF, price action has remained contained
between $2.00 and $2.60 since March. Traders are now waiting for a decisive
break, with either a bullish reversal back toward $2.23 or a deeper retreat
below $2.00.
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
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In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
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Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
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- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
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Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
