XRP News Today: XRP Slides Nearly 4% as Technical Weakness Deepens

Key TakeawaysXRP price declines by nearly 4%, underperforms broader crypto market even amid pullbackTechnical breakdown below key Fibonacci level near $2.00Bitcoin ETFs absorb $457M, sidelining altcoinsPrice Decline Follows Key Support LossXRP fell after losing the 61.8% Fibonacci retracement near $2.00, a level that previously supported July’s rally. The token now trades below all major trend measures, reinforcing selling pressure across short timeframes.The 30-day SMA at $2.06 and 10-day EMA at $1.96 sit above spot levels, highlighting sustained downside structure. XRP’s market dominance at 3.87% touched a 90-day low, reflecting fading relative strength. Technical Indicators Signal Weak MomentumMomentum gauges remain mixed but cautious. The Relative Strength Index (14) at 37.66 indicates bearish momentum without extreme conditions. The MACD level at −0.0787 stays negative, while the Average Directional Index at 21.16 suggests a weak trend environment.Source: TradingViewOscillators such as Stochastic %K at 15.19 and CCI at −151.77 show stretched conditions, but confidence remains low without confirmation. XRP continues to trade below the 200-day SMA at $2.59, underscoring longer-term fragility. Bitcoin ETF Flows Drain Altcoin LiquidityA market-wide risk-off shift favored Bitcoin as ETFs recorded $457M in daily inflows. XRP’s 24-hour volume at $3.94B declined 7.2%, while Bitcoin activity surged 21.3%, highlighting capital rotation.Analysts describe a seasonal flight to quality, with investors prioritizing assets tied to regulated products. This dynamic has pressured digital assets lacking near-term catalysts. Adoption Progress Meets Whale SkepticismDespite ecosystem gains, including XRP Ledger ranking among the top six blockchain ecosystems, whale activity suggests caution. Large holders appear unconvinced about immediate price impact from adoption headlines.Longer-term narratives remain constructive, supported by institutional interest such as VivoPower’s $900M XRP-linked deal. Short-term sentiment, however, reflects uncertainty around timing and execution. XRP Outlook: Key Levels And Catalysts to WatchThe focus for XRP now shifts to $1.83, the 78.6% Fibonacci level and last major support from June. A sustained move above the $1.96 pivot could ease near-term pressure, though conditions remain thin during holiday trading.