XRP extended its decline below key price levels during the latest market pullback, mirroring weakness across major cryptocurrencies. The token fell under $1.55 after failing to hold gains, as sellers pushed prices lower during the session.
Prices dropped below $1.5250 and $1.520, which placed XRP into a short-term bearish zone. Soon after, it spiked under $1.5120 before forming a low near $1.50, where buyers reappeared.
Although XRP attempted a recovery above $1.55, it failed to sustain momentum above the 23.6% Fibonacci retracement from the $1.93 swing high to the $1.50 low. This struggle came as Bitcoin and Ethereum also traded under pressure across the broader market.
XRP now trades below $1.6220 and the 100-hourly simple moving average, according to a NewsBTC report. This position keeps short-term control with sellers despite recent bounce attempts. If buyers attempt another upward move, resistance could emerge near $1.6220.
At the same time, a bearish trend line has formed with resistance around $1.6250 on the hourly XRP/USD chart. The next major resistance stands near $1.650. A close above that level could open a path toward $1.7190, which aligns with the 50% Fibonacci retracement from the $1.93 high to the $1.50 low.
The first resistance level develops at $1.770. The price will move towards $1.80 if it breaks through this level, which will create three obstacles at $1.8250 and $1.850. Will buyers regain control before sellers defend these levels?
The development of XRP continues to grow even though its price experiences ongoing pressure. The Flare network has launched the first modular lending framework for XRP.
Through this update, holders of FXRP, the one-to-one representation of XRP on Flare, can borrow stablecoins and other crypto assets using their holdings. This structure also allows access to multiple DeFi strategies.
Flare said it partnered with Morpho and Mystic to deliver the modular lending system. The network described the launch as a milestone in its XRPFi plan to turn XRP into a productive source of yield and credit.
This development followed Flare’s recent FXRP launch on Hyperliquid, which marked the first spot market for XRP on the decentralized exchange. The network has also introduced staking through Fireflight and yield tokenization through Spectra.
Read More: Why are Large XRP Holders Transferring Funds as Price Holds $1.65?
In parallel, XRP adoption received support from a large real-world asset initiative on the XRP Ledger. Billiton Diamond and Ctrl Alt announced plans to tokenize over $280 million worth of certified polished diamonds on the XRPL.
The firms confirmed that they have already minted the tokens on the XRPL. They selected the network due to fast settlement, low fees, and scalable architecture.
Ripple will provide custody services for the tokenized diamonds. This role positions Ripple as a core infrastructure provider for the initiative.
Ripple executive Reece Merrick said the project shows how blockchain technology can connect physical assets with the digital economy. As tokenized assets on the XRPL continue to expand, XRP-related infrastructure activity remains active despite near-term price pressure.
XRP trades below key resistance levels after a sharp decline, with sellers still in control. At the same time, Flare expands DeFi access through modular lending, while the XRP Ledger gains traction from major diamond tokenization backed by Ripple. Market participants now watch price levels alongside growing on-chain adoption.