XRP News Today: XRP Price Teeters at $2 Support Amid Death Cross Fears

While XRP has enjoyed recent bullish moments, a confluence of macroeconomic tensions, ongoing legal uncertainty, and technical indicators are raising concerns about whether the Ripple currency price can maintain its footing—or if a breakdown is looming.

XRP news reveals a sharp uptick in exchange inflows, with over 55 million XRP deposited into trading platforms this week—nearly doubling the volume observed on April 8. Data from CryptoQuant suggests this surge may signal mounting selling pressure, as traders move their tokens to exchanges likely in anticipation of offloading.

Ripple (XRP) was trading at around $2.07, down 3.6% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

Such moves have historically preceded dips in price, and this time is no exception. The XRP price is hovering around $2.08 after briefly climbing to $2.25 over the weekend. This marks an 11% decline for the month, despite a 14% gain on the weekly chart.

Adding to the bearish sentiment, Coinglass data shows that $5.1 million in long XRP positions were liquidated within the last 24 hours, significantly outweighing the $1.25 million in shorts. This imbalance highlights traders’ cautious outlook, with the long-to-short ratio standing at a bearish 0.938.

A key factor underpinning XRP’s recent turbulence is the continued uncertainty surrounding the XRP lawsuit with the U.S. Securities and Exchange Commission (SEC). Ripple CEO Brad Garlinghouse recently confirmed that a proposed settlement had been reached with SEC staff. However, the outcome still hinges on a vote from the agency’s commissioners, delaying any firm resolution.

Ripple’s legal battle with the SEC may be shifting from defense to offense, with signs pointing to a cautiously promising resolution ahead. Source: Fabio Zuccara via X

This limbo affects investor sentiment. As Kaiko Research noted, while XRP’s liquidity and market depth have improved, key factors for potential ETF approval, uncertainty around SEC Ripple enforcement, remain a heavy drag.

“May 22 is an important date to watch in light of the recent ETF approval of a 2x XRP ETF from Teucrium,” Kaiko stated. “The SEC must respond to Grayscale’s XRP spot filing by then.” While a favorable decision could offer a substantial boost to the Ripple market, delays are likely, especially with incoming SEC Chair Paul Atkins expected to take time adjusting to the role.

From a technical perspective, XRP is in a critical zone. The current price action has placed the token between strong support at $1.95 (the 200-day EMA) and key resistance at $2.24, marked by the 50-day and 100-day EMAs. A sustained dip below $2.00 could see XRP tumble toward the next support at $1.61.

Holding above the $2 support could pave the way for XRP to target the $3 mark. Source: utilizedtrading on TradingView

However, bullish indicators remain. The Moving Average Convergence Divergence (MACD) shows a mild buy signal with green histogram bars, and the Relative Strength Index (RSI) is attempting to climb above the midline, suggesting that bullish momentum hasn’t been entirely extinguished.

Still, caution is warranted. A 2.75% drop in derivatives open interest and a 40% decline in XRP trading volume highlight waning conviction among traders. According to analysts, these are signs that many investors are closing positions rather than opening new ones.

Ripple XRP news has also been impacted by macroeconomic factors. President Donald Trump’s latest move in the escalating U.S.-China trade war—banning exports of H20 chips to China—has added to financial market jitters. The measure is expected to hit Nvidia’s bottom line hard, and ripple effects (no pun intended) have spilled over into the crypto space.

XRP, like many risk assets, tends to track broader sentiment in financial markets. The recent decline in U.S. stock benchmarks and cryptocurrencies such as Bitcoin and Ethereum has intensified selling across the board.

An even more ominous signal for the XRP price prediction is the formation of a death cross—a chart pattern in which the 50-day moving average falls below the 200-day moving average. This has generally signaled potential downside ahead, although others argue that it can also signal the bottom of a cycle and present a long-term buying opportunity.

Ripple remains promising even with the short-term volatility. Its application in cross-border payments is still strong, and the Ripple ledger continues to pick up support from financial institutions. The firm’s relationships with institutions such as Ripple Bank of America and further development of the Ripple exchange environment, are indicators of increasing institutional attention.

XRP is quietly positioning itself as a future global payment backbone, as institutional progress accelerates while retail capitulates. Source: Mr. Man via X

Furthermore, whales have gone on to continue purchasing XRP. According to Santiment, wallets with balances in the range of 1 million to 100 million XRP now own over 20% of the overall supply. This implies long-term confidence from large holders, who are seemingly viewing the current price decline as a moment of opportunity to buy.

XRP is at a crossroads. Short-term signs of potential weakness, such as the coming death cross and erupting exchange inflows, are balanced against long-term strengths such as institutional adoption, legal clarity, and technological utility. Investors need to stay alert for upcoming developments in the Ripple lawsuit, ETF filings, and macroeconomic trends.

In the ever-evolving Ripple crypto market, XRP is a force to be reckoned with, whether it breaks down below $2 or begins a new leg higher.