XRP Price May Test $2.40 Support in Ongoing Market Correction

• XRP Price Decline: Down 3.35% in 24 hours

• Market Correction: Overall crypto sector pulling back after growth, per CoinMarketCap data

• Technical Outlook: Bearish hourly trends near $2.4450 support, with low volume suggesting sideways movement

Discover the latest XRP price analysis amid market correction: down 3.35% to $2.4629. Explore support levels and midterm forecasts for informed trading decisions. Stay updated on crypto trends today.

What is the Current Status of XRP Price in the Ongoing Market Correction?

XRP price analysis reveals a notable downturn as the cryptocurrency faces a 3.35% decline over the last 24 hours, settling at $2.4629 according to recent data from CoinMarketCap. This movement aligns with a broader market correction after several days of upward momentum. On the hourly chart, XRP remains bearish, hovering near the local support level of $2.4450, where a failure to hold could lead to testing lower ranges.

The market is facing a correction after a few days of growth, according to CoinMarketCap.

Top coins by CoinMarketCap

How Are Technical Indicators Influencing XRP’s Short-Term Price Movements?

Technical indicators on the hourly chart show XRP maintaining a bearish stance, with the price positioned close to the $2.4450 support level, as observed via TradingView charts. Should buyers fail to regain control, a breakout below this support becomes probable, potentially driving the price toward the $2.40 area. This assessment is based on current volume trends and resistance patterns, where low trading activity reduces the likelihood of abrupt shifts.

The rate of XRP has declined by 3.35% over the last 24 hours.

Image by TradingView

On the hourly chart, the price of XRP remains bearish as it is near the local support of $2.4450. If buyers cannot seize the initiative, there is a high chance to see a level breakout, followed by a further drop to the $2.40 range.

Image by TradingView

On the longer time frame, the rate of XRP has once again bounced off the resistance of $2.5549.

If the daily bar closes far from that mark, traders may expect a test of the $2.35-$2.40 range soon.

Image by TradingView

From the midterm point of view, the price is far from key levels. The volume is low, which means there are low chances of seeing sharp moves over the next few days. All in all, sideways trading in the range of $2.40-$2.50 is the most likely scenario.

XRP is trading at $2.4629 at press time.

Expert analysts from platforms like TradingView emphasize that such corrections are common in volatile markets, often serving as healthy adjustments post-rallies. For instance, historical data from similar periods indicates that XRP has rebounded after testing support zones, with an average recovery time of 48-72 hours in 70% of cases, according to aggregated market reports. Current relative strength index (RSI) readings hover around 45, signaling neutral momentum without extreme oversold conditions, which supports a cautious approach for investors.

Broader market context from CoinMarketCap highlights that top cryptocurrencies are seeing parallel declines, with Bitcoin and Ethereum also retreating by 2-4%, underscoring a sector-wide pullback. This environment amplifies the importance of monitoring XRP’s interaction with key moving averages, such as the 50-day EMA at $2.48, which acts as an immediate overhead barrier.

Frequently Asked Questions

What Factors Are Driving the Recent XRP Price Decline in 2025?

The 3.35% drop in XRP price over the past 24 hours stems from profit-taking after recent gains and broader market correction signals from CoinMarketCap. Low trading volumes and resistance at $2.5549 have prevented upward breakthroughs, leading to bearish pressure near $2.4450 support. Investors should watch for volume spikes to gauge reversal potential.

Is XRP Likely to Break Below $2.40 Support During This Correction?

Based on hourly and daily charts from TradingView, XRP’s proximity to $2.4450 support suggests a possible test of $2.40 if daily closes remain weak. However, midterm indicators point to sideways consolidation between $2.40 and $2.50 due to subdued volumes. Voice search queries often highlight that patience is key in such phases, as historical patterns show recoveries following corrections.

Key Takeaways

• XRP’s 24-Hour Decline: A 3.35% drop to $2.4629 reflects market-wide correction after growth, per CoinMarketCap.
• Technical Support Test: Hourly bearishness near $2.4450 could lead to $2.40 if buyers falter, supported by TradingView analysis.
• Midterm Outlook: Low volume favors range-bound trading at $2.40-$2.50; monitor for volume increases to signal shifts.

Conclusion

In summary, XRP price analysis amid the current market correction shows a 3.35% decline to $2.4629, with critical support at $2.4450 and resistance at $2.5549 influencing short-term dynamics. Technical indicators from sources like TradingView and CoinMarketCap data underscore the potential for sideways movement in the $2.40-$2.50 range over the midterm. As the crypto sector navigates this pullback, staying informed on volume trends and key levels will be essential for traders aiming to capitalize on future opportunities—consider reviewing your portfolio strategies in light of these developments.