The price of Ripple (XRP) declined by 5.2% in the last 24 hours, lowering the top five rivals, to trade at $ 2.31 on Saturday. Derivative data suggests that short-term traders are rapidly shutting down positions, even Bitcoin (BTC) hit a new all-time high of $ 111,807. What is the next for XRP price?
Ripple (XRP) reverses by $ 2.31 despite a rapid bitcoin outlook
Ripple (XRP) collapsed behind the widespread crypto rally on Friday, weighed with macro turbulance and fresh sector-specific risks.
While Donald Trump’s 50% tariff threats on the European Union triggered the latest institutional demand for bitcoins on Friday, the XRP failed to catch the rally.
According to COINGECKO data, XRP recorded a decline of 5.1% from $ 2.44 on Friday and traded at $ 2.31 on Saturday.
In contrast, Bitcoin increased to a record high Out of $ 111,807, fuel from $ 934 million in daily ETF flow – the second highest daily total since installation.
The XRP emerged as the top-five property with the worst performance by the XRP market cap with a loss of 5.2%. In particular, BTC, Ethereum, SolaAnd BNB improved all XRP, each posting reduced the daily deadline loss at the time of publication at the time of publication.
Why is the price of XRP low today?
The XRP price underprapping reflects the growing concerns among investors about Ripple’s ability to compete in the global stabelcoin market on Friday, especially after JP Morgan’s leading a group of four heritage banks, swimming the idea of a new Wall Street-Language Digital Dollar Project.
On Friday, Wall Street Journal Told that the largest American bank, JPMorgan ChaseBank of America, Citigroup and Wales Fargo are discovering the launch of a joint USD-supported Stabecrim.
The plan, still in the conceptual phase, is included in use of blockchain infrastructure providers to improve the speed of early warning services and payment, to reduce across border friction.
This Wall Street can see the Big Wigs encroachment market share from the existing stabecrims launched by Crypto-foreign firms, including Riple’s RLUSD, Circle’s USDC and Tether (USDT).
Ripple launched RLUSD In March 2025, a regulated US dollar on both XRP laser and ethereum as StableCoin.
1: 1 was supported by US dollar reserves and short-term Treasury, paying for RLUSD ripplenet and its on-demand liquidity (ODL) product for liquidity backbones and insitiuonal players.
At the time of publication on 24 May, Ripple’s native Stabeloin now commands a circulating capital of $ 310 million, per, per, per, per, per, per, per, Coingecko’s latest RLUSD data,
However, the emergence of a “Wall Street Stabecin” supported by the top four American banks threatens to reduce the dominance of the RLUSD’s growing market among institutional players, especially among institutional players.
What is ahead for XRP price action Open interest below $ 5B Dips?
In the XRP futures markets, emphasizing the open interest of the recession approach further fell 1.47% to $ 4.89 billion, indicating that traders are actively de-leveraging with a ripple-supported coin.
Coinglass’ Derivatives Trading Snapshot shows below that XRP Open Interest (OI), ,The total value of active derivative contracts has declined by 1.5%, with more than $ 50 million in the last 24 hours.
Meanwhile, the trading volume rose from 51.84% to $ 6.97 billion, suggesting that the price fall in the previous day was governed by pressure selling pressure.
More than this, the XRP option increased by 47.99% to $ 1.69 million in open interest, while the option quantity doubled. This indicates increasing hedging activity, as traders brace for instability for instability for instability after Wall Street Stabilcin News and Trump’s new tariff on the European Union with implementation on June 1, 2025.
The 24-hour liquidation data confirms the bear speed with $ 14.88 million XRP longs, and the $ 1.02 million shorts have been discontinued from $ 15.89 million total posts.
The 12-hour window alone saw $ 5.02 million in a long position. This suggests that most of the recently sold pressure was caught by JP Morgan News from long traders.
If the open interest of the XRP continues to move to $ 4.5 billion, the spot price action may test important support levels at $ 2.20 and $ 2.10.
Will XRP be cured?
Inverted, current consolidation of bitcoin above $ 108,000 offers a favorable macro background. The price of XRP stabilizes above $ 2.30 in the weekend, a stable consolidation of bitcoin can offer a technical buffer to the XRP bulls in a near period above $ 108,000.
Technically, a recovery is possible towards $ 2.45 if XRP supports $ 2.20 and retrieve derivatives open interest $ 5 billion.
XRP Price Forecast Today: Bear Eyes Violent Average after Reversal $ 2.08
Ripple traded at the press time at $ 2.3066, 5% below Friday, but the technical approach carefully slipped as the XRP 9-day and 21-day moving average (2.3697 and $ 2.3556, respectively) as a recession.
This signal emphasizes increasing negative risks. Failure to keep these major trend lines suggests weakening short -term speeds, especially when the price is now closing under the short -term MAS for the first time since the beginning of May.
The relative power index (RSI) sits at 48.46, separating from its neutral 50 line and its moving average (currently 56.86), which means that the recession speed is slowly constructing.
This further indicates that the sellers can continue the pressure until the bulls regain control above $ 2.37. If the current weakness persists, the level of $ 2.08 may emerge as the next significant support.
Whereas Bitcoin value forecast today Largely positive, altcoin markets lack a rapid punishment in widespread spirit. This contributes to the indecency of the XRP, reduces pre-brakeout efforts with a weak follow-throw above $ 2.40.
A decisive daily closer than $ 2.37 will require a short-term outlook bullish to flip again and challenge the $ 2.60 higher. Conversely, the price of ripple may be reduced to $ 2.08- $ 2.10 area if the spirit of recession remains prominent in the weekend.
Frequently asked questions (FAQs)
The XRP fell due to concerns about the ability to compete with a proposed wall street-supported stabecoin initiative.
If XRP keeps above $ 2.20 and receives an interest of $ 5 billion, it can bounce $ 2.45 in the short term.
This threatens to adopt Ripple’s RLUSD by institutional players, especially if the major banks return their own dollar-paved tokens.
Coyingop Staff
Coingape includes an experienced team of indigenous material writers and editors, who are working in a clock time to cover news globally and present news as a fact rather than an opinion. CoingPele writers and reporters contributed to this article.
Disclaimer: The material presented may include the author’s personal opinion and is subject to the market status. Do your market research before investing in cryptocurrency. The author or publication does not have any responsibility for your personal financial loss.
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