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XRP Plunges Below $2.30 Amid Heavy Selling Pressure
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By AI Boost|Edited by Aoyon Ashraf
May 25, 2025, 4:01 p.m.
- XRP plummeted 3.46% over 24 hours, establishing a strong volume-based support zone at $2.297 during midnight trading, according to CoinDesk Research’s technical analysis data model.
- A secondary sell-off at 08:00 touched the period low of $2.280 with the highest volume spike (39.9M), confirming a double-bottom formation.
- Recent volatility shows a recovery attempt from $2.297 to $2.307, creating a clear resistance zone that was tested multiple times before retracing to $2.300.
Global economic tensions are weighing heavily on cryptocurrency markets as XRP experiences a significant correction amid heavy selling pressure.
The recent announcement of potential 50% tariffs on European Union imports by the US government has triggered widespread market uncertainty, with XRP falling alongside most major cryptocurrencies despite Bitcoin recently reaching new all-time highs.
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Technical analysts point to critical support at the $2.25-$2.26 range, with market watchers warning that a break below this level could trigger deeper corrections toward the $1.55-$1.90 zone.
Meanwhile, institutional interest remains strong with Volatility Shares launching an XRP futures ETF and leveraged ETF inflows surging despite the price dip, suggesting Wall Street continues accumulating positions during market weakness.
Technical Analysis Highlights
- XRP underwent a notable 3.46% correction over the 24-hour period, with price declining from $2.361 to $2.303, creating an overall range of $0.084 (3.57%).
- The most significant price action occurred during the midnight hour (00:00), when XRP plummeted to $2.297 on exceptionally high volume (37.1M), establishing a strong volume-based support zone.
- A secondary sell-off at 08:00 saw price touch the period low of $2.280 with the highest volume spike (39.9M), confirming a double-bottom formation.
- In the last hour, XRP experienced significant volatility with a recovery attempt following the earlier correction.
- After reaching a low of $2.297 at 13:11, price formed a base around $2.298 before staging a substantial rally beginning at 13:27, peaking at $2.307 at 13:36-13:39 with exceptionally high volume (627K-480K).
- This bullish momentum created a clear resistance zone at $2.307, which was tested multiple times.
- The final 15 minutes saw profit-taking pressure emerge, with price retracing to $2.300, establishing a short-term support level that aligns with the psychological $2.30 threshold.
External References
- “XRP Price Watch: Consolidation or Collapse? Market Holds Breath Near $2.35“, Bitcoin.com News, published May 24, 2025.
- “XRP Price Prediction For May 25“, CoinPedia, published May 25, 2025.
- “XRP Risks Fall To $1.55 If This Support Level Fails – Analyst“, NewsBTC, published May 25, 2025.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
