XRP Price Slumps 8% Amid Crypto Crash Despite Bitwise XRP ETF Launch

The XRP price has slumped 8% in the last 24 hours to trade at $1.93 as of 3.50 a.m. EST on trading volume that jumped 34% to $8.17 billion.

The slump in the Ripple token’s price cam even after a solid launch by the Bitwise XRP ETF on the New York Stock Exchange with around $22 million in trading volume, marking an important milestone for investors seeking regulated access to this altcoin.​

The XRP ETF launch generated excitement in the community but it failed to provide significant supportfor the XRP price amid a wave of selling.

XRP Price Sinks As Whale Selling Hits XRP

The XRP price has been sliding all week, pushed down by whale investors offloading their holdings and retail traders fleeing in panic. Data shows that long-term investors, who had previously held through earlier rallies, are now moving to cash out as market activity spikes.

Even small holders, mostly those owning less than 100 XRP, are joining the selloff, with Santiment data recording a sharp drop in short-term holding addresses. This change marks a shift from optimism to anxiety among investors.​

Nearly 41.5% of all XRP now sits at a loss, with only 58.5% of the supply still profitable.

That’s the weakest position since November 2024, when XRP touched $0.53. Profit-taking after major ETF launches is quickly becoming the norm.

On-chain metrics also show supply in profit falling, short-term “hodlers” leaving quickly, and many wallets moving coins back onto exchanges. When more XRP moves from wallets to exchanges, it often signals that holders are preparing to sell, not buy.

XRP Ledger Exchange Reserve Source: CryptoQuant

This behaviour keeps pressure on prices during market downturns and makes bouncing back harder, even with positive developments like the Bitwise XRP ETF launch.​

XRP Price Technical Analysis: Key Support and Resistance Levels

The XRP price broke down from important support near $2.20, with sellers quickly pushing the price through the 50-day Simple Moving Average (SMA) at $2.45 and the 200-day SMA at $2.62, both turning into resistance.

The next major support zone is between $1.85 and $2.00, highlighted by the yellow band on the chart. This area saw strong buy interest earlier in the year and could attract new buyers if the price stabilises.​

XRPUSDT Daily Chart Analysis Source: Tradingview

Above, resistance sits around $2.45–$2.62, with the 50-day and 200-day SMAs ready to block any rebounds. If XRP can reclaim this area, a push higher to $2.71 (the 23.6% Fibonacci retracement) might be possible, but selling pressure remains strong.

The previous highs at $3.40 and $3.66 are far off and unlikely in the near term unless sentiment changes fast.​

Key indicators confirm a negative outlook. The Relative Strength Index (RSI) has dropped to 31, showing that XRP is heavily oversold, but it is not yet signalling a reversal. The MACD indicator (Moving Average Convergence Divergence) is bearish, with the blue MACD line below the orange signal line and both in negative territory, highlighting the dominance of sellers.​

If the price fails to hold above $1.85, further losses towards $1.60 or even the 78.6% Fibonacci retracement near $1.11 could come swiftly. The next major support is $0.48, last seen during extreme fear periods in late 2024.​​

For now, the outlook for XRP remains cautious. Short-term dips may provide opportunities for brave buyers, but the trend remains negative.

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