{"id":29579,"date":"2025-05-31T11:31:42","date_gmt":"2025-05-31T11:31:42","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=29579"},"modified":"2025-05-31T11:31:42","modified_gmt":"2025-05-31T11:31:42","slug":"xrp-down-4-as-global-economic-tensions-trigger-market-selloff","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=29579","title":{"rendered":"XRP Down 4% as Global Economic Tensions Trigger Market Selloff"},"content":{"rendered":"<div>\n<p>XRP fell as much as 6% over the past 24 hours as global economic tensions rattled financial markets, triggering a wave of liquidations and pushing prices below key support levels. <\/p>\n<p>The token dropped from $2.20 to $2.14 as the broader crypto market shed 3.81% of its value, settling at a total market cap of $3.3 trillion.<\/p>\n<p>The volatility comes in the wake of the U.S. Court of International Trade\u2019s decision to overturn Trump\u2019s trade tariffs, reigniting trade policy concerns and sending ripples across risk assets. <\/p>\n<p>XRP wasn\u2019t immune, with over $29.68 million in long positions liquidated as traders scrambled to adjust their exposure.<\/p>\n<p><strong>News Background<\/strong><\/p>\n<ul>\n<li>China-based Webus International said Friday it plans to raise up to $300 million through non-equity financing to support its global chauffeur payment network with an XRP reserve.<\/li>\n<li>The initiative aims to integrate XRP\u2019s cross-border settlement capabilities into Webus\u2019 ecosystem, including on-chain booking records and a Web3-based loyalty program.<\/li>\n<li>Webus is renewing its partnership with Tongcheng Travel Holdings to use the XRP Ledger for settling cross-border rides and driver payouts.<\/li>\n<li>Bitget listed Ripple&#8217;s RLUSD stablecoin late Thusday.<\/li>\n<li>Ripple published a cross-border payments report on Friday. Cross-border payments underpin the $31.6 trillion B2B market, projected to hit $50 trn by 2032. Traditional multi-intermediary rails are slow, costly and opaque, facing regulatory and transparency hurdles. <\/li>\n<li>Blockchain-based solutions like Ripple\u2019s stablecoin network promise near-instant, cheaper, visible settlement, enhancing liquidity, global expansion, talent payments and customer trust, while reducing failed transfers, the report said.<strong><br \/><\/strong><\/li>\n<\/ul>\n<p><strong>Price-Action<\/strong><\/p>\n<p>Technically, XRP found strong selling pressure at the $2.21 resistance level, failing to mount a sustained recovery. A notable support zone emerged near $2.11, with high-volume buying during the 03:00 hour preventing further downside. <\/p>\n<p>Recent consolidation between $2.13 and $2.14 suggests potential stabilization \u2014 though the pattern of lower highs indicates sellers remain in control.<\/p>\n<p>In the final trading hour, XRP formed a higher-low pattern around $2.135, signaling potential short-term support. <\/p>\n<p>However, the token also faced resistance at $2.144-$2.145, forming a tight range that traders will be watching closely for the next breakout or breakdown.<\/p>\n<p><strong>Technical Analysis Recap<\/strong><\/p>\n<ul>\n<li>XRP dropped 5.7% from $2.20 to $2.14 over the past 24 hours.<\/li>\n<li>A price range of $0.13 (5.9%) was observed between a high of $2.22 and a low of $2.09.<\/li>\n<li>Significant resistance formed at $2.21 during the 16:00 and 22:00 hours, triggering heavy selling.<\/li>\n<li>Strong buying at $2.11 during the 03:00 hour prevented further downside.<\/li>\n<li>Recent consolidation between $2.13 and $2.14 suggests potential stabilization, though lower highs persist.<\/li>\n<li>A higher low at $2.135 formed in the last hour, with resistance at $2.144-$2.145 capping any rebound.<\/li>\n<li>XRP closed the session at $2.137, indicating consolidation after a volatile day.<\/li>\n<\/ul>\n<p>As XRP navigates the crosswinds of macroeconomic tensions and technical headwinds, traders will be closely watching for any signs of sustained support or further breakdown.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>XRP fell as much as 6% over the past 24 hours as global economic tensions rattled financial markets, triggering a wave of liquidations and pushing prices below key support levels. The token dropped from $2.20 to $2.14 as the broader crypto market shed 3.81% of its value, settling at a total market cap of $3.3 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-29579","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29579"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29579\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}