Join Our Telegram channel to stay up to date on breaking news coverage
The XRP price plunged 4% in the last 24 hours to trade at $2.10 as of 11:23 p.m. EST as investors offload their holdings in the crypto on the market.
The price decrease comes after Judge Analisa Torres denied the joint request by Ripple and the US Securities and Exchange Commission (SEC) to reduce a $125 million civil penalty and reverse an order defining primary sales of XRP to institutional investors as securities transactions.
🚨JUST IN: Judge Torres has denied @Ripple and the @SECGov joint motion for an indicative ruling. pic.twitter.com/iPzD4aMG1H
— Eleanor Terrett (@EleanorTerrett) June 26, 2025
XRP Price Prints Another Lower High
Daily chart for XRP/USD (Source: GeckoTerminal)
The XRP price printed another lower high in the last few days, extending the negative trend line that has held the altcoin’s value down throughout the past fortnight, data from GeckoTerminal shows.
As a result of that pullback, the XRP price is now resting on a key technical safety net at $2.0904. A drop below this support within the next 24-48 hours could result in a plunge to the subsequent support at $1.9734, a previous low, if bulls don’t step in.
However, traders identifying the current XRP price as a buy opportunity could lead to a more bullish scenario playing out. In this alternative case, the crypto could attempt another challenge at the $2.2302 resistance level.
That barrier is inline with the negative trend line that has emerged on XRP’s chart. As such, a break above it could mark the end of the bearish cycle for the crypto. XRP might then have the room needed to rise to as high as $2.3635 if the bullish pressure persists.
XRP Price Drop Could Continue Heading Into The Weekend
From a technical standpoint, indicators on the daily chart, such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI), warn the XRP price drop may not be over yet.
In the last 48 hours, the MACD line has stopped breaking away above the MACD Signal line. The gap between these two technical indicators then started to narrow, which is a telling sign of weakening bullish momentum. If the MACD line ends up falling below the Signal line, it could confirm that the XRP price has entered a negative trend.
Sellers appear to be growing stronger as well, with the RSI decreasing over the last 48 hours. During this period, the XRP price has also been overwhelmed with mainly sell volume.
If the bearish signs presented by the MACD and RSI on the daily chart are validated, it could lead to the XRP price dropping below the aforementioned $2.0904 support in the next 24 hours.
While the XRP price clings to support following the latest legal setback, investors are buying into the presale for Best Wallet (BEST). According to popular YouTube channel 99Bitcoins, which has over 723K subscribers, BEST has the potential to soar 10X after its launch.
A Crypto Wallet That Offers Users A Range Of Handy Features
Best Wallet is a new crypto wallet offering that entered the market in late 2024 and is already taking the crypto world by storm. This is because the app offers a suite of features that enable users to manage, secure and grow their digital asset holdings all from one app.
Those features include a native DEX for near-instantaneous swaps, an in-app staking solution and a token launchpad. All of this comes with support for over 60 public blockchains and the thousands of cryptos that are deployed on them. Best Wallet is also a non-custodial solution, meaning users’ private keys are not stored on a centralized, potentially vulnerable, server.
BEST token holders unlock additional perks as well, which include higher staking rewards, lower transaction costs, early access to new projects, and the ability to participate in BEST’s governance.
One standout feature is the “Upcoming Tokens” section of the Best Wallet app, which flags early-stage cryptos with high-growth potential. So far, this feature has already identified Pepe Unchained (PEPU), Wall Street Pepe (WEPE) and Catslap (SLAP). These tokens have all gone on to print massive gains for early investors.
Best Wallet Presale Closes On $14 Million
Investors are betting big on BEST’s future, and have already pumped more than $13.5 million into the project’s ongoing presale.
Anyone that wants to get in at this ground level of the project can do so by purchasing BEST via the simple buy widget embedded on the project’s website. Selling for $0.025245, BEST can be bought with both crypto or bank card.
Investors interested in securing the best presale deal will want to act fast, because BEST’s price will undergo an ICO hike in around 41 hours.
Visit the Best Wallet website.
Related Articles:
- Fannie Mae, Freddie Mac Ordered To Consider Crypto For Mortgage Applications
- Metaplanet Raises $515M To Buy More BTC In Push To Hold 1% Of The Supply
- Moonveil Set To Launch Its NFT Gaming Coin ‘$MORE’ This Fri, June 27
Best Wallet - Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
