The price of XRP drops today, and there are several reasons behind. Let's take a closer look at what's going on and why the price of XRP drops.
What's going on with the price of XRP?
In recent months, the price of XRP has been on a downward trend. There is a concept known as the down divergence, which means that even if the price increased for a certain time, there was not enough support for the purchase behind this increase. This low trend always affects the price.
Currently, XRP moves in a canal down, which means that the price is constantly dropping. Although there have been a low -occasion price increases, the overall trend remains negative.
Key price levels to monitor are resistance levels, where the price could have trouble increasing and support levels, where the price could stop lower or bounce. To reverse the downward trend, XRP should break above these resistance levels and show stronger signs of movement upwards.
Resistance: $ 2.33 – $ 2.35, $ ​​2.45 – $ 2.50 and $ 2.60.
Support: $ 2.16, $ 2.05 and $ 1.80.
What happened with Ripple Unlocking XRP?
On May 3, 2025, Whale Alert, a tool that follows large blockchain transactions, spotted a large decision: Ripple unlocked a billion massive XRP, which is worth around $ 2.2 billion. It was unusual because Ripple generally releases 1 billion XRP on the 1st of each month, but this time, the release occurred two days late.
The unlocked XRP was divided into three large amounts: 500 million XRP worth $ 1.1 billion, 300 million XRP worth $ 660 million and 200 million XRP worth $ 440 million. Although Ripple unlocked XRP before, the delay caused the concern. When large amounts of XRP are released on the market, this increases the total offer, which can sometimes lower the price.
