Ripple (XRP) price stalled below the $2.40 mark on Wednesday, May 21, despite Bitcoin surging to new all-time highs above $109,500. Derivatives market data shows $145 million in bearish leverage overhead, as XRP lagged behind the broader crypto rally. Regulatory uncertainty continues to weigh heavily after a U.S. District Judge upheld the $125 million penalty against Ripple, deterring bullish momentum. XRP Faces $320M Derivatives Wall as Bears Eye $2.50 Rejection Ripple (XRP) emerged as one of the weakest performers on Wednesday, even as Bitcoin’s record-breaking rally lifted top altcoins. Cardano (ADA), Solana (SOL), and Binance Coin (BNB) each posted over 3% gains, breaking past resistance at $0.73, $165, and $645, respectively. In contrast, XRP managed only a 1.5% uptick, failing to pierce the $2.40 resistance. XRP Price Action | Coingecko Daily trading volume for XRP stood at $2.7 billion—down nearly 80% from its May 13 peak of $11 billion. This… Read More at Coingape.com
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