XRP (XRP) Price: Trading Below $2.10 Despite Resolution of SEC Lawsuit

TLDR

• XRP has fallen below $2.10, making it the worst-performing top 10 altcoin with a 14.5% weekly decline
• Price dropped despite positive news about Ripple’s SEC lawsuit resolution
• Large whale sell-offs of over 1.12B XRP (worth $2.3 billion) are intensifying the downward pressure
• XRP is approaching the critical $2.00 support level not seen since May 11
• Technical indicators show bearish momentum with resistance at $2.15 and $2.20

XRP (XRP) is facing significant downward pressure despite recent positive developments for Ripple, the company behind the cryptocurrency. The digital asset has dropped below $2.10 and currently trades around $2.09, making it the worst performer among major cryptocurrencies over the past week.

The price decline comes as a surprise to many observers. Ripple recently announced the end of its long-running lawsuit with the U.S. Securities and Exchange Commission. This news briefly pushed XRP to $2.60 on March 19.

However, what should have been a bullish catalyst turned into a classic “sell-the-news” event. XRP has lost about 20% of its value since that March peak. Even last week’s confirmation of the lawsuit closure failed to stop the slide.

XRP’s 14.5% weekly decline stands out compared to other cryptocurrencies. Bitcoin is down just 5.5% in the same period. Ethereum has fallen 11.6%, while Solana dropped 9%.

The broader market correction has hurt all cryptocurrencies. Bitcoin has retreated to around $82,000. Ethereum has fallen to $1,800. Solana is trading near $125.

Market Analysis

Technical analysis shows XRP facing multiple resistance levels. There is a bearish trend line forming at $2.148 on hourly charts. The price is trading below $2.150 and the 100-hour Simple Moving Average.

First major resistance is near $2.180. The next significant barrier is at $2.20. A clear move above this level could send XRP toward $2.250 or even $2.30.

XRP Price on CoinGecko

On the downside, initial support is around $2.080. The next major support level is at $2.050. If XRP breaks below this, it could continue falling toward the psychologically important $2.00 mark.

The $2.00 level represents a crucial threshold. XRP has not traded below this support since May 11. Breaking below could trigger a stronger sell-off toward $1.880.

Technical indicators paint a bearish picture. The MACD for XRP/USD is gaining pace in the bearish zone. The RSI (Relative Strength Index) has dropped below the 50 level.

One key factor behind XRP’s decline appears to be whale activity. Large holders accumulated XRP after the U.S. elections as prices rose from $0.60 to $3.40 within months.

These same whales have recently changed strategy. They’ve sold off 1.12 billion XRP in just two days. This massive sell-off, worth over $2.3 billion, represents almost 2% of XRP’s total market cap.

Retail interest in XRP has also decreased significantly. Google Trends data shows XRP search interest recently hit its lowest level of 2025. The general public seems uninterested despite Ripple’s legal victory.

The cryptocurrency market faces additional pressure from global trade tensions. These economic concerns have impacted all risk assets. Earlier Monday, Japan’s Nikkei index dropped more than 4%.

XRP now stands at a critical juncture. The cryptocurrency must hold the $2.00 support level to avoid a deeper correction. Breaking this support could accelerate selling pressure.

Looking forward, XRP supporters hope for a potential catalyst later this year. Possible XRP ETF approval could reignite momentum for the cryptocurrency.

Until then, traders will be watching key technical levels closely. The $2.15 and $2.20 resistance zones are crucial for any bullish reversal. On the downside, the $2.00 support remains vital.