The post XRP Breaks Below $2.90 Support as $13.8M Outflows Signal Bearish Momentum appeared on BitcoinEthereumNews.com.

Terrill Dicki
Sep 23, 2025 04:38

XRP trades at $2.85 (-1.92%) after breaking key support, with technical indicators and $13.8M outflows suggesting further downside ahead for Ripple.

Quick Take • XRP currently trading at $2.85 (-1.92% in 24h) • XRP RSI at 40.83 signals bearish momentum building • $13.8 million outflows and falling futures interest drive recent weakness What’s Driving Ripple Price Today? The XRP price faced significant pressure over the weekend as the token broke through the critical $2.90-$2.95 support zone that had been holding for several weeks. On-chain data reveals concerning trends with $13.8 million in net outflows from XRP wallets, while futures open interest dropped 12% to $7.76 billion, indicating reduced institutional confidence. This bearish momentum comes despite Ripple’s positive announcement on September 15 regarding a $25 million investment in Accion Opportunity Fund and Hire Heroes USA. While this investment demonstrates Ripple’s commitment to social initiatives and could improve long-term sentiment, it has failed to provide meaningful support for the XRP price in the near term. The disconnect between positive corporate developments and price action highlights how technical factors and market sentiment often override fundamental news in the cryptocurrency space. Traders are currently focused on the immediate support levels rather than longer-term adoption narratives. XRP Technical Analysis: Bearish Signals Emerge Ripple technical analysis reveals a concerning picture across multiple timeframes. XRP’s RSI of 40.83 sits in neutral territory but shows declining momentum, suggesting the recent sell-off could intensify if buying pressure doesn’t materialize soon. The MACD indicator presents the most bearish signal, with the histogram at -0.0164 confirming negative momentum for Ripple. This divergence below the signal line typically precedes further downward moves, especially when combined with the current volume profile. XRP’s position relative to Bollinger Bands tells an…

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Filed under: News - @ September 23, 2025 7:28 pm