XRP, the cross-border payments token, fell below a key support level after failing to break resistance early this week, according to market data.
Summary
- The XRP price failed to clear resistance and broke below a key support zone, extending its decline from its all-time high in July and worsening sentiment among traders.
- Santiment data shows social negativity rising above average, a pattern that previously preceded a rally to the July peak after a similar capitulation in late June.
- Spot
The digital asset posted small gains on Monday but then fell after the rejection at the resistance level, mirroring broader cryptocurrency market moves as XRP price hit $1.88 heading into Asian midday.
XRP (XRP) is now trading around $1.9, up about 70-80% from early 2025 when it was close to $1.1.
Investor sentiment towards the token has turned bearish, with negative comments on social media rising above average levels, according to data from analytics platform Santiment. The shift in sentiment follows significant declines in assets since hitting record highs in July.
Santiment noted that similar spikes in negative sentiment have historically preceded immediate price reversals. The company cited late June as an example, when similar bearish sentiment was followed several weeks later by a rally to an all-time high in July.
Cobb, an analyst and member of the XRP community, predicted a new record high the following year, despite declining sentiment.
The recent decline occurred despite continued positive momentum in XRP exchange-traded funds. According to data provider SoSoValue, Spot XRP ETFs have recorded consecutive days of net inflows since the first fund launched on Wall Street on November 13. The five ETF products on Monday attracted the highest daily net inflows since December 5, SoSoValue reported.
Technical analysis using the TD Sequential indicator had flagged a potential correction, issuing a sell signal after a double-digit percentage rebound for several days, according to previous reports.
The cross-border payments token’s 24-hour decline comes amid mixed signals from fundamental ETF flows and technical indicators.
