Here’s Why XRP Price is Down 2% Today

The XRP price is currently facing a bearish trajectory despite its bullish fundamentals. As the Ripple coin experiences a daily decline of about 2% and a yearly plummet of about 30%, the community fears a continued downtrend.

However, market expert Brett believes that the current correction might be a deliberate ploy to frighten off retail investors, paving the way for a future price surge. Let’s unveil what the current XRP trend suggests and analyze the potential factors driving this trend.

XRP Price Falls By 2%: What Does It Mean?

Significantly, the year kicked off with a promising start for XRP. At the onset of 2025, the XRP price had hit levels last seen seven years ago. Despite this initial progress, Ripple’s token struggled to maintain momentum and slipped below $2.

While the XRP price fell by nearly 2% today, analysts like Brett see this as a tactical move. He believes that the price action doesn’t reflect the underlying developments. Instead, it is designed to test investors’ patience and weed out early supporters, stated Brett. His tweet read, “Price isn’t the truth. Price is just the distraction.”

As of press time, XRP is valued at $2.20, down 2%. However, the token has seen increases of 1.29% and 4.5% in broader timeframes, respectively.

Besides, the current waning price action also falls in line with declining futures OI. CoinGlass data indicated that the crypto’s open interest fell over 4% to $3.81 billion today, underlining the price fall.

Ripple Price on the Cusp: Key Developments to Watch

Despite the prevailing negative market trends, represented by “red candles” in the price chart, Rippe and XRP are making significant progress behind the scenes. Citing Ripple’s potential developments, Brett posited that the XRP price is poised for a major uptrend. To be specific, Ripple is making strides with banking partnerships, regulatory advancements, and cross-border payment expansion, sparking optimism. One of the major developments is the much-anticipated settlement of the XRP lawsuit.

Thus, the analyst stated that the current negative sentiment contrasts with the real behind-the-scenes progress. The phrase “the quieter the setup” implies that a major breakthrough in XRP price is happening under the radar. Addressing the XRP market as a psychological game, Brett says that the narrative claiming XRP is ‘finished’ is a major misconception. Brett added,

Here’s the cold truth: Most of you will never see the real value of XRP. You’re too focused on price movements, too distracted by the short-term. The wealth is being built in the background, while retail chases illusions.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.