XRP has dropped by 1.05% to $2.29 and is trading below the 100-hourly SMA, indicating bearish momentum.
Key support levels for XRP are at $2.280, $2.260, and $2.2320, while a clear move above $2.3720 is needed for bulls to shift the short-term trend.
Despite attempts to recover, XRP failed to break through the $2.36 resistance zone, leading to renewed selling pressure.
Ripple Labs, associated with XRP, continues to expand partnerships and utility-based applications, but XRP's price remains tied to speculative flows and broader market sentiment.