XRP Price Drops: Here’s What’s Really Going On (Spoiler: It’s Not Pretty)

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The price of XRP is plummeting today, and honestly, it’s kind of a head-scratcher. But let’s dive in and figure out why this poor cryptocurrency is tumbling down the digital drain.

What on Earth is Happening with XRP’s Price?

For the past few months, XRP’s price has been acting like a rollercoaster built by someone who clearly hates rollercoasters. It’s been on a steady downward slide, and to make matters worse, this is all happening because of something called “bearish divergence.” It’s basically the market’s way of saying, “Yeah, we saw the price go up, but we’re not really feeling it.” And surprise, surprise, that weak rise has left XRP struggling to stay afloat. 😬

Right now, XRP is stuck in a downward channel, which, if you ask me, sounds more like a dystopian Netflix series than a trading term. The price keeps falling, and although there are tiny little price bumps here and there, the overall picture is a lot less ‘success story’ and a lot more ‘groundhog day of disappointment.’

Now, if you’re thinking of jumping into the XRP market, you might want to keep an eye on the resistance levels. These are the price points where XRP might start to give up and say, “Nope, can’t go higher than that.” On the flip side, there are support levels, where the price might just pause and catch its breath—before continuing its downward spiral.

Resistance: $2.33 – $2.35, $2.45 – $2.50, and $2.60. Good luck getting past these walls of pain.

Support: $2.16, $2.05, and $1.80. This is where XRP might briefly pretend it’s not a sinking ship.

What About Ripple Unlocking XRP? Oh, That’s a Thing Too.

On May 3, 2025, Whale Alert—yes, that’s a real thing, and no, I’m not making it up—tracked a giant blockchain transaction. Apparently, Ripple unlocked a huge 1 billion XRP, worth around $2.2 billion. Pretty juicy, right? But here’s the kicker: this wasn’t their usual 1 billion XRP release that happens like clockwork on the 1st of every month. Oh no, they decided to be fashionably late by two whole days. Clearly, Ripple was too busy enjoying their morning coffee to care about schedules.

The unlocked XRP was broken into three big chunks: 500 million XRP ($1.1 billion), 300 million XRP ($660 million), and 200 million XRP ($440 million). Now, Ripple’s no stranger to unlocking XRP, but the delayed release had the market shaking its head. When a boatload of XRP gets dumped into circulation, it can sometimes make the price take a dive, as the market is suddenly flooded with more of the stuff. And we all know what happens when there’s too much of something—yep, the price tanks. 🍂

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2025-05-05 07:52