{"id":370286,"date":"2025-02-18T07:13:37","date_gmt":"2025-02-18T01:43:37","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=370286"},"modified":"2025-02-18T07:13:37","modified_gmt":"2025-02-18T01:43:37","slug":"xrp-price-tumbles-7-after-etf-buzz-can-bulls-defend-2-60-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xrp-price-tumbles-7-after-etf-buzz-can-bulls-defend-2-60-crypto-news\/","title":{"rendered":"XRP Price Tumbles 7% After ETF Buzz\u2014Can Bulls Defend $2.60? – Crypto News"},"content":{"rendered":"

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Ripple (XRP) price held firmly above the $2.65 mark on Monday, as bulls warded off bearish tailwinds from short-term traders who took profits when the US SEC acknowledged an XRP spot ETF on Feb. 13.<\/span><\/p>\n

Ripple (XRP) Tumbles 6% in 3-Days as Traders Take Profits on ETF Hype<\/b><\/h2>\n

Ripple (XRP) price came under noticeable selling pressure over the weekend, as investors capitalized on the recent buzz surrounding a potential XRP spot ETF to lock in profits. The week began on a high note, with XRP surging by 22% between Feb. 10 and Feb. 14. Much of this upside momentum stemmed from renewed optimism that the US SEC\u2019s acknowledgment<\/a> of the Grayscale\u2019s Dogecoin and XRP spot ETF\u00a0 filings could lead to an influx of institutional demand. <\/span><\/p>\n

However, the gains were short-lived. Hours after the official confirmation surfaced, XRP\u2019s price retraced sharply, reflecting a classic \u201csell-the-news\u201d scenario often observed in cryptocurrency markets.<\/span><\/p>\n

\"Ripple
Ripple (XRP) Price Action<\/figcaption><\/figure>\n

The Ripple price<\/a> action chart above highlights how quickly market sentiment can shift when major announcements fail to deliver immediate follow-through. Having reached a peak of $2.80 on Friday, XRP shed roughly 7% to trade at $2.60 by Monday morning. This rapid reversal indicates that, despite the bullish catalyst of the SEC acknowledgment, many short-term traders deemed the move overextended and chose to exit their positions.<\/span><\/p>\n

A look at the chart reveals three consecutive losing sessions since the ETF acknowledgment. This pullback underscores the delicate balance between bullish optimism over potential regulatory breakthroughs and the reality of profit-taking by short-term traders. As is often the case in crypto markets, a single catalyst can spark both surges and sell-offs in quick succession, leaving the long-term direction in question.<\/span><\/p>\n

Still, XRP\u2019s ability to remain above the $2.60\u2013$2.65 support zone has provided a degree of optimism. While the market has witnessed a steady outflow of speculative capital, the robust bid at these price levels suggests that buyers remain prepared to defend XRP against further declines. Whether this support will hold if the broader market sentiment sours remains to be seen, but for now, it has acted as a buffer against a steeper correction.<\/span><\/p>\n

The price reversal in recent days may also reflect a typical pattern in cryptocurrency trading, where investors buy the rumor (or hype) and sell the news. Once the acknowledgment of the ETF filing was made public, many short-term speculators who had been anticipating a more substantial surge found an opportunity to take profits. As a result, the market is now in a consolidation phase, with XRP looking to establish a new equilibrium before the next major move.<\/span><\/p>\n

Speculative Demand Plunges into Negative Values as Markets Await Next Bullish Catalyst<\/b><\/h2>\n

Even as XRP has lost 7% of its value since the SEC acknowledged the XRP spot ETF, the derivatives market offers a deeper glimpse into the evolving sentiment. Data from CryptoQuant<\/a>\u2019s Taker Buy\/Sell ratio reveals that bearish momentum could persist unless a fresh catalyst materializes. This ratio measures whether the most recently executed trades were initiated by buyers or sellers, providing real-time insight into the market\u2019s appetite for risk.<\/span><\/p>\n

According to the chart below, XRP\u2019s Taker Buy\/Sell ratio dropped into negative territory at 0.93 on Feb. 17, an 8% decline from the 1.02 reading recorded on Feb. 13. A negative Taker Buy\/Sell ratio implies that sellers are more aggressive than buyers, often indicating waning speculative demand.<\/span><\/p>\n

\"Ripple\"Ripple
Ripple (XRP) Take Buy\/Sell Ratio | Source: CryptoQuant<\/figcaption><\/figure>\n

In other words, instead of stepping in to buy the dip, traders appear to be positioning for further downside or closing out existing positions in anticipation of more significant volatility ahead.<\/span><\/p>\n

Such a drop in speculative demand can be concerning for a market reliant on momentum-driven inflows. Historically, when Taker Buy\/Sell ratios fall below 1.0 for an extended period, it suggests that the path of least resistance may be to the downside. This is particularly relevant now, given XRP\u2019s proximity to the $2.60 support level. If that level fails, the psychological $2.50 mark could be tested next, potentially triggering a wave of sell orders from traders seeking to minimize losses.<\/span><\/p>\n

Still, the situation is not entirely bearish. A quick recovery in the Taker Buy\/Sell ratio\u2014coupled with a renewed wave of buying interest\u2014could reignite upward momentum, especially if broader market sentiment turns positive or additional regulatory progress unfolds. Until then, XRP appears to be in a wait-and-see phase, with its near-term fate hinging on whether buyers can outmatch the current wave of speculative selling.<\/span><\/p>\n

XRP Price Forecast: Bulls Struggle to Hold Key Support at $2.59 Amid Weak Momentum<\/b><\/h2>\n

Ripple\u2019s XRP trades at $2.639, down 0.79% on the day, as price action battles to maintain footing above the 50-day EMA at $2.5889. The coin remains trapped between the 50-day EMA and the 200-day EMA at $1.7337, forming a precarious range where a decisive break could determine the next trend.<\/span><\/p>\n

\"XRP\"XRP
XRP Price Forecast<\/figcaption><\/figure>\n

A short-term bullish setup emerged with a 21.95% gain in five days, but sellers quickly erased momentum, leading to a 6.87% retracement in three days with high selling volume. The 100-day EMA at $2.2536 is a crucial support level; a breakdown below could see XRP testing the 200-day EMA at $1.7337. However, a strong recovery above $2.6453, the 20-day EMA, could re-ignite bullish sentiment.<\/span><\/p>\n

Volume bars reveal declining bullish activity, reinforcing concerns about a sustained rally. If bulls fail to reclaim $2.65, XRP risks slipping toward $2.25. A breakout above $2.65, however, could see renewed strength toward $3.00. Until a definitive move occurs, traders remain cautious.<\/span><\/p>\n

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Frequently Asked Questions (FAQs)<\/h2>\n
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\n \tXRP could recover if it holds above $2.60 and buying momentum increases, but a break below may lead to further losses. <\/p>\n<\/p><\/div>\n<\/p><\/div>\n

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\n \tProfit-taking by short-term traders led to a classic “sell-the-news” reaction, pushing XRP down from its recent highs. 3. <\/p>\n<\/p><\/div>\n<\/p><\/div>\n

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\n \tSupport sits at $2.60 and $2.50, while resistance is at $2.65 and $3.00 if buying pressure increases.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n

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\u2713 Share:<\/p>\n

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ibrahim <\/p>\n<\/p><\/div>\n<\/p><\/div>\n

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Ripple (XRP) price held firmly above the $2.65 mark on Monday, as bulls warded off bearish tailwinds from short-term traders who took profits when the US SEC acknowledged an XRP spot ETF on Feb. 13. Ripple (XRP) Tumbles 6% in 3-Days as Traders Take Profits on ETF Hype Ripple (XRP) price came under noticeable selling […]<\/p>\n","protected":false},"author":2,"featured_media":370293,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-370286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/370286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=370286"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/370286\/revisions"}],"predecessor-version":[{"id":370295,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/370286\/revisions\/370295"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/370293"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=370286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=370286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=370286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}