XRP News Today: XRP Price Dips Below Key Support

Key Takeaways:XRP price drops 5.53% to $2.44, underperforming major altcoins and BitcoinWhales offload 2.23B XRP, adding strong selling pressure and driving market fearTechnical indicators show bearish momentum, with MACD, Momentum, and SMA (30) turning negative XRP Price Breaks Key Support on Bearish MomentumXRP fell 5.53% in 24 hours, underperforming both Ethereum (-3.32%) and Solana (-5.2%), as macro risks and altcoin weakness triggered aggressive deleveraging. The price is now below the $2.52 Fibonacci support and the 30-day Simple Moving Average of $2.85, according to the latest technicals.On-chain data shows whales dumped over 2.23 billion XRP, intensifying the supply glut and further weakening short-term investor confidence.Source: TradingViewMacro Risks & Altcoin Rotation Weigh on XRPGlobal market volatility, driven by U.S.-China tensions and rate cut uncertainty, led to massive crypto liquidations last Friday, pulling XRP into a wider risk-off sentiment. The Altcoin Season Index dropped to 37, its lowest since August, signaling capital rotation away from altcoins and into Bitcoin, whose dominance rose 0.87% last week.This risk shift came amid renewed investor anxiety around the pending XRP ETF decisions, contributing to low confidence in near-term altcoin performance. Technical Indicators Confirm WeaknessFrom the technical perspective:Momentum (10): –0.52365, indicating weakening strength.MACD Level (12, 26): –0.11365, shows negative divergence and further bearish trend.Relative Strength Index (14): 35.24, approaching oversold territory, but still neutral.Commodity Channel Index (20): –115.03, also in neutral, reflecting market indecision.30-day SMA: $2.85, price is now trading well below this, confirming technical breakdown.Source: TradingViewOutlook: XRP Faces Make-or-Break Moment at $2.33Looking ahead, the $2.33 support level will be key. If XRP holds, a potential rebound toward $2.60 is possible. But if selling continues and the price drops below $2.33, the next downside target is $2.00.Long-term catalysts, such as Ripple’s RLUSD stablecoin growth (+37% monthly) and its Bahrain partnership, could support future recovery. However, short-term sentiment remains tied to macro risk, ETF rulings, and Bitcoin’s dominance.