Advertise
Sohrab Khawas
Sohrab Khawas
Author
Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Mar 27, 2025 08:23 UTC
-
Why XRP Price Is Down Today: Key Factors Behind the Sudden Drop
-
XRP $ 2.18 (0.65%) 
XRP Price Drops 4% – Weak whale demand and profit-taking after the SEC case closure trigger a bearish trend, with key support at $1.9–$2.
XRP's Next Move? – A reversal above $2.5 could fuel a breakout, but failing support may push prices lower amid bearish technical signals.
After attempting to regain bullish sentiment in the second and third week of March, XRP/USD has gradually signaled a bearish outlook. The large-cap altcoin, with a fully diluted valuation (FDV) of about $236 billion and a 24-hour average trading volume of around $3.3 billion, dropped nearly 4 percent in the past 24 hours to trade at $2.36 on Thursday, March 27, during the mid-European session.
As a result of the sudden decline, more than $10 million was liquidated from XRP’s leveraged trading, with over 97 percent involving long traders.
What Caused XRP Price Decline?
In addition to the bearish technical outlook, XRP price has experienced low demand from whale investors. According to on-chain data from Santiment, XRP whale investors, with an account balance of between 1 million and 10 million coins, have been silent in the past week and currently hold about 5.82 billion coins.
Meanwhile, the closure of the SEC vs Ripple case after years of litigation has turned into a classic sell-the-news event. Moreover, more speculative traders have been set up and have recently accelerated profit-taking.
Nonetheless, XRP’s long-term fundamental outlook remains extremely bullish catalyzed by legal clarity and the rising adoption of Ripple products by institutional investors.
Midterm Targets
As Coinpedia has previously reported, XRP price has possibly formed a reversal pattern characterized by head and shoulders (H&S) coupled with a falling divergence of the daily Relative Strength Index (RSI). Following Wednesday’s close below $2.37, XRP price is now aiming to retest the next major support range between $1.9 and $2.
However, a potential reversal and close above the resistance level around $2.5 will result in a fresh pump toward price discovery ahead.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQs
A sell-the-news reaction to the SEC case closure, reduced whale accumulation, and increased liquidation of leveraged long positions led to the decline.
If XRP breaks above $2.5 resistance, a bullish reversal is likely. However, failing support at $1.9–$2 could extend the downtrend.
Yes 
No 
