XRP is facing a significant bearish downturn after breaking below the crucial $2.25 support level. As of today, February 27, 2025, XRP has dropped by 4.10%, signaling a potential 15% decline toward the $1.90 support.
XRP Technical Analysis: A Bearish Breakdown
XRP’s recent price action suggests further downside risk, as the daily candle close below $2.25 has confirmed a bearish trend. Analysts point to the 200-day Exponential Moving Average (EMA) as the next critical support level, aligning with the $1.90 mark. If bearish momentum persists, a deeper correction could unfold.
Additionally, the broader crypto market has also witnessed a downturn, with Bitcoin (BTC) falling below its $90,500 support level, adding further selling pressure on altcoins like XRP.
$65 Million XRP Outflow: A Sign of Accumulation?
Despite the bearish sentiment, on-chain data from Coinglass suggests that long-term holders are accumulating XRP. Over the past 48 hours, $65 million worth of XRP has been withdrawn from exchanges, signaling potential accumulation by investors adopting a “buy the dip” strategy.
Historically, large outflows from exchanges indicate a reduction in immediate selling pressure, which could help stabilize XRP’s price in the coming sessions.
Also Read: Ripple Partners with BDACS to Secure XRP & RLUSD Custody in South Korea
Market Sentiment and Trading Volume Decline
At press time, XRP is trading near $2.18, reflecting a 4% daily decline. Trading volume has also dropped by 8%, indicating lower participation from traders amid heightened volatility.
Furthermore, Coinglass data reveals that XRP’s open interest has hit its lowest level in 2025, suggesting that traders are exiting their positions due to uncertainty in price direction.
What’s Next for XRP?
With XRP’s bearish momentum intensifying, investors will closely monitor the $1.90 support level. A bounce from this zone could revive bullish sentiment, but if the price fails to hold, further downside may follow. Meanwhile, whale accumulation hints at potential recovery, making the coming days crucial for XRP’s next major move.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
