XRP Price Crash Below $2.25, Eyes on $1.90 Support
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XRP, the native token of Ripple Labs, appears bearish and is poised for a significant price decline due to current market sentiment and bearish price action. As of today, February 27, 2025, XRP has dropped 4.10%, losing a crucial support level at $2.25 and shifting its sentiment toward the bearish side.
XRP Technical Analysis and Upcoming Level
According to expert technical analysis, following the breakdown and daily candle closing below the crucial $2.25 level, XRP has partially cleared its path for a notable price decline.
Based on recent price action and historical patterns, there is a strong possibility that the asset could face another 15% drop to its next support at $1.90 and the 200 Exponential Moving Average (EMA) on the daily timeframe.
Due to this crucial breakdown and bearish market sentiment, the overall crypto market has witnessed a decline as Bitcoin (BTC), the world’s largest cryptocurrency, broke its crucial $90,500 support.
$65 Million Worth of XRP Outflow
Despite the bearish market outlook and the crucial breakdown in the asset, long-term holders and investors appear to be accumulating tokens, according to the on-chain analytics firm Coinglass. Data from spot inflow/outflow reveals that exchanges across the crypto market have experienced an outflow of $65 million worth of XRP tokens over the past 48 hours.
This substantial outflow from exchanges indicates potential accumulation and may attract more investors and long-term holders. Additionally, it serves as a strong example of a “buy the dip” strategy.
Current Price Momentum
XRP is currently trading near $2.18 and has dropped over 4% in the past 24 hours. However, during the same period, its trading volume declined by 8%, indicating lower participation from traders and investors amid notable price fluctuations and a bearish market.
With the bearish market sentiment and reduced participation from traders, data from Coinglass reveals that XRP’s open interest is at its lowest level in 2025, indicating that traders are abandoning bets on XRP.
