“Charts don’t lie, and markets sigh , XRP sinks while traders spy.”
Key Takeaways:
- XRP has dropped to $1.44, its lowest since Trump’s 2024 election win. The $1.60 support level has been breached, signaling sellers are in control.
- Charts show little support between $1.44 and $1.00, leaving XRP at risk of further decline.Traders are betting on a fall using put options and strangles, reflecting market fear.
- Bitcoin’s recent decline and overall crypto volatility are adding pressure to XRP. Analysts warn that if bearish conditions continue, XRP could slide toward $1.00.
- Ripple’s global payment plans may help long-term stability, but short-term risks remain high.
Will Ripple’s Global Payment Plans Save XRP from the Bears? Ripple’s XRP is suffering the most from the current wave of volatility in the cryptocurrency markets. At $1.44, the payments-focused coin has reached its lowest level since November 2024, the month that President Donald Trump emerged victorious in the US presidential election.
Trump’s Pro-Crypto Policies
While Trump’s pro-crypto stance initially boosted XRP, the recent downturn signals that bearish forces are now firmly in control.
After Trump’s election, XRP, which is widely utilised by the fintech company Ripple to enable cross-border transactions, had a positive surge. In July of last year, prices peaked at $3.65 after momentarily rising above $3.50. But the upward trend stopped, and XRP has been declining ever then.
The downturn has intensified in recent weeks, wiping out gains from prior months and raising investor anxiety.
Gains Wiped Out as Bearish Pressure Rises
One big warning for XRP traders is that the price has fallen below $1.60. This level used to act like a safety net, stopping the price from falling further back in April. Now that XRP has dropped below it, sellers are in charge, and the price could fall more.
Charts show there isn’t much support between $1.44 and $1.00, which means the token could slide quickly to $1.00.
The market shows traders are worried. On big crypto platforms like Deribit, people are buying put options and strangles. Put options let someone sell XRP at a set price later, showing they expect the price to go down. Strangles are bets that the price will swing a lot up or down, showing traders are ready for big changes.
Conclusion
Will XRP’s Journey to $1.00 Become a Reality? The broader cryptocurrency market’s recent volatility, particularly Bitcoin’s decline, is also contributing to XRP’s struggles. Investors’ risk aversion is growing, with capital flowing away from altcoins and into safer assets. Analysts warn that XRP’s journey to $1.00 is not far-fetched if market conditions remain bearish and investor confidence does not return.
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