XRP has slid back into bearish territory after failing to sustain a recovery, trading around $2.18 amid intensified selling pressure. Ripple’s CTO has clarified a limited advisory role in the new Evernorth XRP treasury firm aiming to raise $1 billion. Meanwhile, Bitcoin eyes its largest gain since April as gold prices falter sharply.
XRP’s rapid 2.5% drop erases early-week gains, signaling potential further decline below key supports.
Ripple CTO David Schwartz limits involvement to short-term advising for Evernorth’s Nasdaq-listed XRP treasury plans.
Bitcoin surges toward an 11% gain, outpacing gold’s historic intraday drop amid overcrowded precious metals trading.
Discover the latest XRP price slide, Ripple CTO’s Evernorth clarification, and Bitcoin’s rally over gold in this 2025 crypto update. Stay informed on market shifts and investment opportunities—read now for expert insights.
What is Driving XRP’s Slide Back into Bearish Territory?
XRP price has reversed course after a brief recovery attempt, dropping over 2.5% in the last 24 hours to around $2.1842 due to mounting selling pressure across the crypto market. This decline erases most early-week gains and pushes the token below critical short-term support levels, raising concerns of a deeper correction. Technical indicators near the 50-day moving average highlight bears regaining control as bulls struggle to defend higher prices.
How Does Ripple’s CTO Role in Evernorth Impact XRP Holders?
Ripple’s Chief Technology Officer, David Schwartz, recently addressed rumors about his involvement in Evernorth, a new XRP-focused treasury firm planning to raise over $1 billion through a Nasdaq listing via merger with Armada Acquisition Corp II. The firm aims to mirror strategies used by other crypto treasuries, absorbing XRP supply from the open market to act as a long-term holder. Schwartz clarified that his role is strictly advisory and limited in scope, ending by year’s end, which alleviates concerns over potential conflicts with his primary duties at Ripple. This development could bolster XRP’s institutional appeal, as Evernorth positions itself to stabilize supply dynamics, according to market analysts. Data from recent filings shows the entity’s structure emphasizes sustainable holdings, potentially reducing volatility for holders. Experts note that such initiatives often correlate with 10-15% price upticks in similar assets over six months, though current bearish momentum tempers immediate optimism. Schwartz’s statement underscores a cautious approach, ensuring his expertise benefits the project without long-term commitments.
Frequently Asked Questions
What caused XRP’s failed recovery and current bearish trend?
XRP’s recovery faltered after rejection near $2.60, close to the 50-day moving average, amid broader market selling pressure. The token dropped over 2.5% in 24 hours, trading at $2.1842, as bears dominate and erase early gains. This shift indicates weakening bull control and potential for further downside toward $2 support levels.
Is Bitcoin set to outperform gold in the coming weeks?
Bitcoin is on track for its biggest gain since April, potentially exceeding 11% as seen in the BTC/XAUT pair surge. Gold and silver suffered their largest intraday drops in years on Tuesday, driven by overcrowded trading evidenced by lines at Sydney gold dealers. This reversal favors Bitcoin bulls with room to extend gains amid shifting investor sentiment.
Key Takeaways
- XRP Bearish Reversal: The 2.5% drop signals intensified selling, with failure to hold $2.60 pointing to deeper corrections and loss of bull momentum.
- Evernorth’s XRP Focus: Ripple CTO’s limited advisory role supports the $1 billion treasury raise, potentially absorbing market supply for long-term stability.
- Bitcoin vs. Gold Shift: Track Bitcoin’s potential record gain over gold’s falter—investors should monitor precious metals overcrowding for broader crypto opportunities.
Conclusion
In summary, XRP price faces renewed bearish pressure after a failed recovery, while Ripple CTO David Schwartz’s clarification on his Evernorth role highlights measured involvement in the XRP treasury initiative. Bitcoin’s poised rally amid gold’s sharp decline underscores evolving market dynamics in 2025. As crypto volatility persists, staying attuned to technical levels and institutional moves will be key—consider diversifying holdings and monitoring support zones for informed decisions ahead.