{"id":846683,"date":"2025-05-08T09:11:42","date_gmt":"2025-05-08T14:11:42","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/08\/ripple-utility-vs-sell-offs-assessing-if-xrp-can-breach-2-26\/"},"modified":"2025-05-08T09:11:42","modified_gmt":"2025-05-08T14:11:42","slug":"ripple-utility-vs-sell-offs-assessing-if-xrp-can-breach-2-26","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/08\/ripple-utility-vs-sell-offs-assessing-if-xrp-can-breach-2-26\/","title":{"rendered":"Ripple \u2013 Utility vs. sell offs: Assessing if XRP can breach $2.26"},"content":{"rendered":"

Ripple [XRP]<\/a> may boast real-world utility \u2013 from preventing network spam to serving as a bridge asset for cross-border transfers, but that hasn\u2019t shielded it from market headwinds.<\/p>\n

A new report has highlighted its functional value, even as the token struggles under sustained sell pressure, shedding nearly 8% over the past week.<\/p>\n

\n
\n

According to a recent Bitwise report,<\/a> XRP\u2019s value isn\u2019t just theoretical \u2013 it stems from measurable functions within the XRP Ledger.<\/p>\n

This includes transaction fees that are permanently burned, serving as a slow but steady deflationary force; reserve requirements that help prevent network spam; and most importantly, XRP\u2019s role as a bridge currency in cross-border payments.<\/p>\n

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<\/a><\/p>\n

Source: Bitwise Investments<\/p>\n<\/div>\n

It emphasized that while the burn rate and reserve mechanism are modest today, their impact could scale significantly with increased network usage.<\/p>\n

Still, the report pointed out that XRP\u2019s true potential lies in facilitating liquidity across a large, active ecosystem.<\/p>\n

Mounting selling pressure undercuts the fundamentals<\/strong><\/h2>\n

Despite its utility-driven valuation, XRP is facing significant short-term bearish sentiment. Data from Coinglass shows a steady decline in the Long\/Short Ratio since late April, falling below 0.90 by the 6th of May.<\/p>\n

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<\/a><\/p>\n

Source: Coinglass<\/p>\n<\/div>\n

This shift indicates growing dominance of short positions, suggesting traders are increasingly betting against the token.<\/p>\n

The weakening ratio shows market skepticism \u2013 even as XRP\u2019s<\/a> core use cases remain intact, speculative pressure is driving price action, not fundamentals.<\/p>\n

XRP price outlook<\/strong><\/h2>\n

XRP traded within a tight range, with price action hovering around $2.14 at press time.<\/p>\n

The RSI was at 47.55, suggested neutral momentum, while the MACD hinted at a potential bearish crossover as the blue signal line dips below the orange.<\/p>\n

\n

\"XRP\"<\/a><\/p>\n

Source: TradingView<\/p>\n<\/div>\n

According to Ali Martinez<\/a>z, the key levels to watch are $2.00 and $2.26. A decisive daily close outside this range could set the next major trend.<\/span><\/p>\n

With recent sell pressure and weakening momentum, a break below $2.00 may trigger further losses.<\/span><\/p>\n

Conversely, a breakout above $2.26 could revive bullish sentiment and push prices higher.<\/span><\/p>\n<\/div>\n

Read More<\/a>
\n Samyukhtha L KM<\/p>\n","protected":false},"excerpt":{"rendered":"

Ripple [XRP] may boast real-world utility \u2013 from preventing network spam to serving as a bridge asset for cross-border transfers, but that hasn\u2019t shielded it from market headwinds. A new report has highlighted its functional value, even as the token struggles under sustained sell pressure, shedding nearly 8% over the past week. According to a<\/p>\n","protected":false},"author":1,"featured_media":846684,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25213,26854],"tags":[],"class_list":{"0":"post-846683","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ripple","8":"category-utility"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/846683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=846683"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/846683\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/846684"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=846683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=846683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=846683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}