XRP has recently come under significant selling pressure. Along with the overall weakness in the crypto market, the price has fallen from $1.65 to $1.54, which represents approximately a 6.3% loss. In my observation, there was no specific news catalyst unique to XRP — rather, the decline was driven by a general decrease in market risk appetite and the breakdown of technical levels. Speaking technically, the $1.60 level was very important, and breaking this support level triggered sellers. If you ask what support and resistance are, they are critical levels that the price repeatedly tests — support is where buyers are attracted, and resistance is where sellers defend. In XRP's case, $1.60 was an old support level, and once it was broken, a rapid decline followed. Attempts to recover did not reach $1.56, which kept the short-term structure weak. Currently, traders are looking at the $1.50 level — if this is also broken, the next support levels are around $1.38 and deeper risk is near $1.02. Resistance is seen in the $1.56–$1.62 band. Volume was quite high, indicating forced sales. The market is at a critical level right now, and for XRP to stabilize, it needs to hold at $1.50 and then return to $1.60. Otherwise, downward momentum could continue.

I noticed that XRP is pushing down again—it’s down by about 6% and is currently trading around $1.35. This seems to be part of the broader trend of a decline across the cryptocurrency market; there’s no specific catalyst for the token itself. Bitcoin is also not helping, pressuring from its side. The key point is that the price broke below the support at $1.60, which triggered a wave of selling with high volume. It looks more like forced selloffs than a smooth downturn. Attempts to recover haven’t surged back above $1.56, so the short-term trend is clearly bearish. Traders are watching the $1.50 level—if it doesn’t hold, they’ll look next at $1.38 and even deeper at $1.02. To recover, the price needs to return above $1.60–$1.62 with solid volume; otherwise, the selling pressure will continue. The market is currently in a wait-and-see mode—either stabilizing at the current levels, or falling further if weakness in the market persists.

Limited recovery in crypto asset funds: XRP stands out. Crypto asset investment products saw an inflow of $224 million last week. In the second half of the week, stronger-than-expected retail sales data, increasing hawkishness in investor expectations, and mixed geopolitical signals led to limited outflows. Thus, although a positive picture was formed on a weekly basis, momentum weakened toward the weekend. The data indicated a cautious recovery in investor sentiment.