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XRP (XRP) Price: Trading Below $2.10 Despite Resolution of SEC Lawsuit
The price of XRP has dropped to below $2.10, a significant decline of 14.5% over the past week. This unexpected plunge comes despite positive news surrounding Ripple’s long-standing lawsuit with the U.S. Securities and Exchange Commission (SEC), which was recently resolved.
While some may have expected the lawsuit resolution to boost XRP prices, it appears that whale sell-offs and negative market sentiments have outweighed any potential benefits. According to recent data, large XRP holders have sold off an astonishing 1.12 billion XRP in just two days, worth over $2.3 billion and accounting for nearly 2% of the cryptocurrency’s total market capitalization.
Retail interest in XRP has also seen a significant decrease, as Google Trends data indicates that search interest in XRP has hit its lowest level since the start of 2025. The general public appears uninterested in XRP, despite Ripple’s legal victory.
In addition to these factors, global trade tensions continue to exert negative pressure on the cryptocurrency market. Monday saw a sharp decline in Japan’s Nikkei index, with losses exceeding 4%. This volatility is impacting all risk assets, including cryptocurrencies like XRP.
The cryptocurrency now finds itself at a critical juncture. Should it fail to hold the $2.00 support level, a deeper correction could accelerate selling pressure. On the other hand, any bullish reversal will require a decisive move through the $2.15 and $2.20 resistance zones.
As XRP supporters look ahead, potential catalysts for future growth may arise later in 2025. The possibility of an XRP ETF approval has been discussed, which could reignite momentum for the cryptocurrency. Until then, traders will remain vigilant, closely monitoring key technical levels.
It is essential to note that the opinions expressed on this site do not constitute investment advice and independent financial guidance should be sought where appropriate.
Source: https://blockonomi.com/xrp-xrp-price-trading-below-2-10-despite-resolution-of-sec-lawsuit/
