XRP course under pressure: test of $ 2.10 threatens after new sales wave

The course of XRP is under pressure after a decrease to $ 2.15. New sales waves and postponement of the ETF decision cause nervousness among investors. If buyers do not intervene quickly, a test of the support level at $ 2.10 is obvious.

Technical image remains Bearish for XRP

In the last 24 hours, the XRP race lost more than 3.5 percent and dropped from 2.23 dollars to $ 2.15. Due to a considerable increase in trade volume, a clear resistance arose around $ 2.19. An attempt to climb back towards $ 2.18 was immediately knocked down by new sellers.

The technical image remains gloomy. The course moves in a falling pattern and lower soils confirm that the downward momentum is not yet over. As long as XRP fails to win back the $ 2.20 limit, a test of the support level at $ 2.10 is obvious.

The course of XRP is also hit by broader tensions on the markets. Investors remain cautious due to the rising conflict between Israel and Iran that causes unrest worldwide. In addition, the postponement of the Spot XRP ETF by Franklin Templeton, which has now been postponed for the second time, came yesterday. On the same day, the SEC also pushed the decision on the Spot Solana (SOL) ETF from the same party to a later moment.

Sales pressure is decreasing but recovery is not forthcoming

A striking combination of strong trade volume and a decrease in the course caught the attention of analyst Bullnchill. Such a pattern can indicate a cover in the sentiment around XRP. That sentiment does not seem to improve for the time being. Although Ripple is working hard on the RLUSD Stablecoin and the expansion in Dubai and Singapore, among others, that has not yet been positive about the vote around XRP.

For the time being, the largest sales pressure seems to be over. Because the volume on the sales side decreases, XRP can find some stability. Yet there is little reason for optimism as long as the $ 2.20 is not recovered and the market remains awaiting a clearer direction.

In the coming days, it will be decisive to see if XRP can leave the downward channel. Until that time, a renewed revival of the sales pressure is more obvious than a strong comeback from the buyers.