XRP XRP$2.24 fell 3.7% over the past 24 hours, reversing from a daily high of $2.288 to close near $2.260 after three rejections at the $2.33 resistance level. Despite forming a short-term double bottom at $2.250, declining recovery volume points to sustained bearish pressure. News Background XRP’s sharp pullback follows days of heightened volatility fueled by anticipation over a possible spot ETF decision from Franklin Templeton, expected later this month. While momentum had built around regulatory wins — including Ripple’s RLUSD stablecoin approval in Dubai — the market's response to repeated rejections at the $2.33 resistance level suggests buyers are now facing fatigue. XRP remains at the center of broader discussions about the role of crypto in global payments. The firm’s ongoing partnerships in the Middle East and Asia-Pacific — particularly in real-world asset tokenization — may support the case for long-term value, but in the short term, technical sentiment has shifted as volume fades on each successive recovery attempt. Traders will be watching closely to see if XRP’s support at $2.25 can hold under continued pressure. Technical Analysis Highlights • Price declined from $2.288 to $2.260 (3.7% drop), with 5.8% peak-to-trough range. • Rejections at $2.33–$2.34 zone confirmed resistance and formed a head-and-shoulders pattern (neckline: $2.285). • Double bottom at $2.250 developed in final hour, triggering a partial recovery. • Selling peaked at 01:31–01:33 with over 7M units traded. • Recovery began at 01:53 with higher lows forming, though volume declined on the bounce. • If $2.25 fails, downside target sits near $2.234.