Ripple Under Pressure Again: XRP Token Loses Ground Amid Negative Signals
Date: 2025-05-07 Author: Gabriel Deangelo Categories: BUSINESS
The XRP cryptocurrency continues to decline in price: at the time of analysis, the token was trading at $2.09, which is the lowest value in the last seven days. Market signals point to a possible continuation of this downward trend, and traders seem to be betting on a fall.
One of the key indicators of market sentiment has become the ratio of long to short positions in XRP futures, which currently stands at 0.98. This level indicates the prevalence of bearish positions and expectations of further price declines. According to Coinglass, the last time this ratio was above one was on April 22, which means that optimism in the market has been giving way to pessimism for more than two weeks.
Technical analysis also does not inspire confidence: the so-called “death cross” has formed on the daily chart of XRP/USD — a situation when the MACD line crosses the signal line from top to bottom. This signal, well known to experienced traders, often indicates a stable downtrend and is seen as a warning of a further price drop.
At the time of publication, XRP is holding at $2.10, slightly above the key support zone at $2.03. However, in case of further pressure from sellers, this level may not hold, and then the next target will be $1.61. This value may become a new benchmark if the bearish mood persists and is not met with sufficient buying volume.
At the same time, if demand for the token recovers, XRP may try to win back its positions and return to the resistance level at $2.29. However, this will require a clear change in market sentiment and support from major participants.
In the meantime, most signals indicate continued pressure on XRP. Investors and traders continue to closely monitor price behavior near current support levels, assessing the likelihood of further decline.
