XRP is in Freefall! Is This a Sign of a Big Storm in the Crypto World?

Jakarta, Pintu News – Ripple , one of the largest crypto assets in the cryptocurrency market, is back in the spotlight after its price plummeted below an important support level. Despite showing signs of recovery, consistent selling pressure and negative technical signals indicate the potential for further bearish movement in the near term.

Selling Pressure Intensifies

In early April, XRP briefly formed a recovery pattern after breaking the downtrend line. Many analysts predicted that this was a strong bullish signal. However, subsequent price movements showed the formation of a consolidation or range pattern, rather than a sustained uptrend.

The middle level of the price range was at $2.27 or around Rp36,901. XRP briefly bounced off this level, but failed to break resistance at $2.6 (Rp42,380), which was the highest level since March. Currently, the price of XRP has dropped below this midpoint again, indicating a failure to maintain positive momentum.

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Technical Indicators Show Negative Sentiment

One important technical indicator, the Chaikin Money Flow (CMF), showed a reading of -0.07, signaling an outflow of capital from the market. In addition, the OBV (On-Balance Volume) indicator also decreased, confirming that selling volume dominated over buying.

Meanwhile, the Mean Directional Index (DMI) shows the tendency of a bearish trend taking shape. The combination of these three indicators illustrates that the selling pressure on XRP is getting stronger, and investors need to be aware of the possibility of further price declines towards the $2-$2.05 zone or around Rp32,600-Rp33,415.

Regulatory Uncertainty Triggers Speculation

The increase in XRP open interest, which is close to $5 billion, has sparked optimism among market participants. This was triggered by the start of the review process by the SEC of the WisdomTree XRP Trust. Although there is no final decision yet, the serious attention from the US regulator opens up room for further speculation regarding institutional adoption of XRP.

However, this legal uncertainty is also a double-edged knife. When the market lacks favorable regulatory certainty, selling pressure tends to increase. This could worsen retail and institutional investor sentiment towards altcoins such as XRP, especially amidst Bitcoin’s price fluctuations.

What Should Crypto Investors Look Out for?

XRP’s current situation reflects the dynamics of the crypto market in general, where technical factors and external sentiment such as regulation play a big role in price formation. Investors need to pay attention to technical indicators as well as regulatory news before making a decision.

For short-term traders, the IDR32,600-Rp33,415 zone is an important point that could be an area of bounce or even further weakness. As for long-term investors, volatility like this is part of the dynamic and uncertain cryptocurrency market journey.

Conclusion

The current price movement of Ripple (XRP) emphasizes the importance of technical analysis in understanding the direction of the crypto market. With mounting selling pressure and regulatory uncertainty from institutions like the SEC, investors should be cautious and not rush into decisions.

Also Read: Bitcoin in danger of weakening again? Bollinger Bands indicator gives this sign!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• AMBCrypto. XRP Price Prediction: Altcoin falls below $2.3 support as capital outflows signal…. Accessed June 3, 2025.
• Featured Image: Track Insight