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<p>In the past few days, the overall cryptocurrency market has experienced a notable price drop, shifting market sentiment. Amid this, XRP, the native token of Ripple Labs, failed to hold its crucial support level at the $2.50 mark and is now poised for a significant decline.</p><h2 class="wp-block-heading" id="h-xrp-technical-analysis-and-upcoming-level-nbsp"><strong>XRP Technical Analysis and Upcoming Level&nbsp;</strong></h2><p>According to expert technical analysis, XRP appears bearish as it has broken down from an ascending triangle pattern on the four-hour timeframe. This bearish outlook was further confirmed by breaching and closing a candle below the crucial $2.50 support level.</p><figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2025/02/25000953/XRPUSDT_2025-02-25_00-09-43.png" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2025/02/25000953/XRPUSDT_2025-02-25_00-09-43-1024x542.png" alt="" class="wp-image-424445"></a><figcaption class="wp-element-caption"> Source: Trading View </figcaption></figure><p>Based on recent price momentum and historical patterns, if the asset remains below this key support, it could drop by 13% to reach the $2.10 mark in the coming days.</p><p>In addition to the bearish price action, XRP is trading below the 200 Exponential Moving Average (EMA) on the daily timeframe, indicating that the asset is in a downtrend.</p><h3 class="wp-block-heading" id="h-current-price-momentum-nbsp"><strong>Current Price Momentum&nbsp;</strong></h3><p>XRP is currently trading near the $2.46 level and has dropped over 3.80% in the past 24 hours. However, during the same period, its trading volume surged by 100%, indicating increased participation from traders and investors compared to previous days.</p><p>The 100% jump in trading volume isn’t necessarily a bullish sign. It typically occurs when an asset either breaks out or breaks down from a pattern, as traders actively participate to capture a major move. In this case, it was likely driven by the breakdown of the ascending triangle.</p><h2 class="wp-block-heading" id="h-15-million-worth-of-xrp-outflow-nbsp"><strong>$15 Million Worth of XRP Outflow&nbsp;</strong></h2><p>Despite this bearish outlook, investors and long-term holders appear to be accumulating the token, following the “Buy the Dip” strategy, as reported by the on-chain analytics firm <a href="https://www.coinglass.com/currencies/XRP" rel="noopener noreferrer nofollow">Coinglass</a>. Data from spot inflow/outflow reveals that exchanges have witnessed a significant outflow of $15 million worth of XRP tokens in the past 24 hours.</p><figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2025/02/25001020/image-408-1024x296.png" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2025/02/25001020/image-408-1024x296.png" alt="" class="wp-image-424446"></a><figcaption class="wp-element-caption"> Source: Coinglass </figcaption></figure><p>Such an outflow from exchanges indicates potential accumulation, which can create buying pressure and potentially slow down the price decline.</p>

XRP’s Path to $2.10, Bearish Signal Flashes Warning

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