In May 2025, XRP faced renewed bearish pressure, sliding over 5% in the past week alone. This article examines the reasons for this drop and its potential implications.
Overall State of XRP
The digital asset XRP recently hit a two-week low of $2.07. The market management has raised concerns among investors, causing a decline in confidence.
Five Reasons for XRP Price Drop
Several factors are contributing to XRP's current downturn, including:
1. **Drop in XRP Ledger Activity.** This has been a primary reason for the price weakness. 2. **Delay in SEC's ETF Decision.** This decision is causing uncertainty among investors. 3. **Launch of RLUSD by Ripple.** The new product may put pressure on XRP's price fluctuations. 4. **Technical Indicators.** For example, analyst Ali Martinez reported a sell signal on the 3-day chart of XRP. 5. **General Decline in Market Interest.** This has also affected the prices of digital assets.
Prospects for Further Decline
Technical indicators suggest that XRP may continue to slide unless key support levels hold. The analysis is supported by information about the sell signal on the TD Sequential chart, indicating a possible further price correction.
Thus, XRP's current position remains under pressure due to various factors, and investors should closely monitor market developments.
