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    Chandan Gupta is a crypto analyst and news writer at CoinPedia. He specializes in market analysis using on-chain metrics and industry insights to forecast market trends. With over four years of trading experience, Chandan simplifies complex concepts in technical and on-chain analysis, making them easy to understand. At CoinPedia, he leverages his expertise to identify and present emerging opportunities in the cryptocurrency space

    • 2 minutes read

    XRP Price Today: Can It Drop to $2.10? 

    • currency-symbol XRP $ 1.99 (8.76%) top gainer
    Story Highlights
    • XRP drops 6% to $2.55 as market sentiment weakens—analysts warn of a potential 15% decline if key support at $2.50 fails.

    • Despite bearish momentum, $60M worth of XRP exits exchanges, signaling potential accumulation by long-term investors.

    The overall cryptocurrency landscape seems to be getting poorer day by day due to the continuous price drop. Amid this, XRP, the native token of Ripple Labs, has been hit hard by the current sentiment, witnessing a notable price drop of 6% in the past 24 hours and reaching a crucial level.

    XRP Current Momentum

    At press time, XRP is trading near $2.55 and has been attracting attention from traders and investors, resulting in a 10% jump in trading volume. The potential reason for the rise in trading volume is fear in the market.

    Expert Comments on XRP

    Looking at the market outlook of investors and traders, a prominent crypto expert made a post on X (formerly Twitter), highlighting that XRP may be set for a pullback, as a technical indicator named TD Sequential flashes a sell signal on the daily time frame.

    Besides the technical indicators, XRP’s current price action combined with the market sentiment makes it bearish.

    XRP Price Action and Key Levels to Watch

    According to expert analysis, with the recent price drop, the asset has reached a crucial support level at an ascending trendline that it has been following since the beginning of February 2025. When examining historical data, this trendline has always provided support and acted as a price reversal point, as whenever the price reached this level, it experienced upside momentum.

    Source: Trading View

    However, this time, the sentiment has shifted, and assets across the crypto landscape have been witnessing notable price drops, which makes it look like XRP will fail to hold this support level.

    Based on the recent price momentum, if XRP fails to hold the trendline support and closes a four-hour candle below the $2.50 level, there is a strong possibility it could drop by 15% to reach the $2.10 level in the coming days.

    $60 Million Worth of XRP Outflow

    Despite the bearish outlook, long-term holders and investors have been accumulating tokens, as reported by the on-chain analytics firm Coinglass. Data from the spot inflow/outflow revealed that exchanges have witnessed an outflow of $60 million worth of XRP tokens in the past 24 hours, which seems like potential accumulation.

    Source: Coinglass

    In such market conditions, investors and long-term holders view this market sentiment and current price momentum as an ideal buying opportunity, which might explain this significant outflow.

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