XRP is under heavy selling pressure, experiencing losses over the past 24 hours as broader market weakness and poor technical positioning weigh on the asset. After reaching an all-time high in July, the digital asset now faces renewed uncertainty, with analysts warning of further declines if momentum does not improve.
Technical Pressures Mount
XRP is currently trading at $2.81, down over 5% from yesterday. Analysts tracking its recent price behavior have seen a significant deterioration in technical indicators. Charts shared by market watchers highlight a breakdown pattern, with the asset struggling to hold key levels.
Peter Brandt, a well-known trader, remarked that “The chart of XRP is potentially very negative.” He showed XRP about to fall below an ascending support line, and this breakdown could mark the start of a bearish run. He added that his views are “always weakly held” and that he is as often wrong as he is right, but his observation reflects the fragile sentiment surrounding the asset.
Broader Market Weakness
XRP’s decline is not occurring in isolation. The broader digital asset market has been under pressure, with sentiment rattled by declining liquidity and investor caution. Brandt also recently issued a prediction for Bitcoin, highlighting the importance of reclaiming $117,570. Bitcoin failed to reclaim that level and has since experienced a downturn.
The asset’s weakness has weighed heavily on the broader market, adding further pressure on XRP. This environment has left XRP particularly vulnerable, given its recent parabolic rally to record levels in July.
The pullback follows months of optimism surrounding the token, but the speed of its prior gains has also amplified the correction. When markets reverse after extended rallies, assets that moved fastest on the way up often face sharper adjustments on the way down, and XRP is proving no exception.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
Opportunity in Accumulation
While retail sentiment has been shaken, large investors appear to be taking advantage of the correction. Following recent sell-offs, whales are returning to the market. On Upbit, one of South Korea’s leading exchanges, they have been actively accumulating XRP, indicating continued interest at lower price levels
Recent data shows that a whale bought 16 million tokens ($45.5 million) on the exchange while retail investors panicked. Price declines like these often separate the true believers from those with weak hands, and if retail investors continue to panic, they may get priced out as whales accumulate more and dominate the market.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on X, Facebook, Telegram, and Google News
