XRP Price Slips to $2.10 as Selling Pressure Intensifies

The price of XRP dropped to a two-week low of $2.08 on May 7, extending its losing streak to a fifth straight session. While the recent downturn might spark short-term worries, fresh insights from Ripple highlight emerging institutional interest that could shape the cryptocurrency’s long-term fate.

The XRP value has declined by over 7% in the last five days, closing in on crucial support between $1.77 and $1.90. TradingView data shows a descending triangle pattern forming on the daily chart—a bearish signal that may indicate a further drop toward $1.20 if current support levels fail.

XRP was trading at around $2.10, down 1.29% in the last 24 hours at press time. Bitcoin Liquid Index (BLX) via Brave New Coin

“This isn’t just market-wide fatigue,” said Paul Howard, Director at Wincent. “XRP has increasingly decoupled from Bitcoin’s price action and now responds more to ecosystem-specific developments.”

Among these are a decrease in Ripple ledger activity, with daily active addresses on the XRPL shrinking to around 30,000 according to

Santiment. Meanwhile, whale addresses are showing distribution behavior—a sign that large holders are cashing out amid volatility.

Broader Market Jitters and Regulatory Uncertainty Fuel Caution

The XRP downturn doesn’t exist in a vacuum. The broader crypto market is wobbling ahead of the May 7 FOMC meeting and March PCE inflation data, both of which could sway monetary policy. Additionally, newly enacted trade tariffs under President Trump’s administration and retaliatory measures from China have injected further economic tension.

“Volatility is creeping back, and uncertainty around tariffs looms,” noted Markus Thielen, CEO of 10x Research. “This isn’t a time for blind risk-taking.”

These macroeconomic risks have already triggered a significant correction in digital assets, with Ripple XRP news reflecting a nearly 45% drop from April highs of $3.20.

Profit-Taking Emerges After a Massive Rally

After surging 600% in late 2024—from $0.50 to over $3.00—XRP became ripe for profit-taking. In early April alone, more than $1 billion worth of XRP positions were liquidated at an average price of $2.10, according to CoinGlass. This aggressive repositioning by short-term traders has added downward pressure, amplifying losses even in the face of positive Ripple news.

Despite the recent price turbulence, some investors remain optimistic that the latest developments in the XRP lawsuit and ecosystem upgrades could eventually support a recovery.

Ripple Ends Market Report Format Amid Institutional Surge

Ripple’s Q1 2025 XRP Markets Report, released May 6, has stirred interest in the project’s evolving strategy. The company announced it will sunset its existing quarterly format after Q2, citing the need to offer deeper institutional insights. The report noted that transparency, originally a strength, had at times been used against Ripple, especially during confrontations with former SEC Ripple leadership.

“In many instances, Ripple’s transparency has been used against the company,” the report stated. “As more institutions engage with XRP, additional perspectives and insights are expected to follow.”

The timing of the move aligns with surging institutional appetite for Ripple crypto products. XRP-based investment vehicles saw $37.7 million in net inflows during Q1—nearing the $214 million year-to-date total for Ethereum products. A leveraged XRP ETF also launched in April, while multiple spot ETF filings await XRP SEC approval.

RLUSD Stablecoin Shift Sparks Speculative Uncertainty

Another factor impacting investor sentiment is Ripple’s strategic focus on RLUSD, its new stablecoin pegged to the U.S. dollar. While RLUSD plays a crucial role in cross-border transactions and has already reached a $90 million market cap, its rise has sparked concerns that XRP could lose its central role in the long term.

Posts circulating on X have questioned whether XRP will remain the primary utility token in the ecosystem. Though RLUSD may enhance XRPL’s overall utility, it also muddies the waters for speculative interest in XRP.

XRP Lawsuit Update: Resolution Comes, but ETF Delays Persist

Ripple’s legal battle with the SEC reached a milestone recently, with a $50 million settlement bringing an end to a four-year-long regulatory clash. While the news was expected to trigger bullish momentum, the market reaction has been rather muted.

According to Howard, the outcome of the lawsuit was already priced in by traders, who are now awaiting developments on the ETF front. However, the SEC has postponed decisions on several key filings—including those from Franklin Templeton and Bitwise—pushing potential approval timelines into late Q2 and Q3.

This delay