XRP price remains under strong selling pressure. It has broken below an important support level while the broader crypto market crash continues to weigh on sentiment.
Summary
- XRP price has dropped for five straight weeks, marking its lowest level since November 2024.
- The decline has moved alongside the wider crypto market crash.
- XRP price has slipped under the key support zone near $1.5463.
What’s Driving the Decline
The Ripple (XRP) token fell to around $1.3495, its weakest point since November 2024. The drop accelerated after XRP pulled back from its recent high near $3.6650.
This move has triggered a $128 billion wipe out in market value. XRP’s market cap has fallen from roughly $210 billion last July to about $82 billion now.
A major factor behind the weakness is the sell-off across Bitcoin and leading altcoins, fueled by rising geopolitical tension. Traders fear that escalation could push oil prices higher. Recently, Brent and WTI climbed toward $67 and $66. If oil stays elevated, inflation could remain firm, which may reduce the chances of aggressive Federal Reserve rate cuts.
Meanwhile, demand for spot XRP ETFs has slowed. Inflows this month are near $28 million, a steep drop from more than $666 million in November, showing investors are taking a more cautious stance.
A Few Positive Signs for XRP
Despite the price weakness, some network trends look supportive:
- Assets linked to Ripple USD have risen above $1.4 billion, and activity has continued to improve.
- The real-world asset tokenization side of the network has surged by over 270% in the last 30 days.
- The XRP Ledger is also moving toward a permissioned decentralized exchange, aimed at making institutional participation easier.
XRP Price Prediction: Technical Analysis
On the weekly chart, XRP price is still trending lower, falling from around $3.6650 to roughly $1.3565.
The most important technical shift is the break below $1.5465, a major support area that also matches the 50% Fibonacci retracement. Trading under that level suggests bears currently control the trend.
Now, XRP price is testing the 200-week Exponential Moving Average (EMA). A clean break below it, followed by continued weakness, would strengthen the bearish setup.
Momentum signals remain negative:
- RSI is still moving down
- Stochastic Oscillator continues to point lower
Outlook
With the current structure still weak, the most likely path for XRP price is additional downside. The next key target sits near the 78.6% Fibonacci retracement around $1, which is roughly 26% below the current zone.
