- XRP is facing pressure as it struggles to hold the $1 support level, with analysts warning that a drop could reach $0.85.
- Its short-term recovery depends on reclaiming $1.65, while Bitcoin’s movements may influence further losses.
Sentiment around XRP has shifted cautiously as the token struggles to maintain key price levels amid a broader cryptocurrency market slowdown. After comfortably trading above $1 earlier in the cycle, XRP is now hovering near critical support, raising concerns about a potential deeper decline.
Key Levels Traders Should Watch
Market analysts point to $1 as a major psychological support for XRP. Falling below this level could trigger increased selling pressure.
Analyst Tara notes that in the short term:
- $1.30 acts as an important support level
- $1.65 serves as key resistance
If XRP fails to break and hold above $1.65, the price may face renewed downward pressure. Analysts suggest that a breach of $1 could open the path for a drop toward the $0.85–$0.87 range, a historically strong support zone based on prior price movements and retracement levels.
Bitcoin’s Influence on XRP
XRP often follows Bitcoin trends, meaning Bitcoin’s movements can significantly impact its price. Tara explains that if Bitcoin falls toward its $52,200 support level, XRP could see additional pressure. During market downturns, altcoins like XRP often drop faster than Bitcoin, suggesting sharper potential losses if Bitcoin weakens further.
Bearish Scenarios
Analyst CasiTrades describes the recent XRP bounce as a temporary recovery within a larger correction. Her outlook suggests:
- If XRP fails to hold above $1.65, the next downside target could be $1.09
- In a stronger sell-off, XRP may decline toward $0.90
- An extreme drop could see XRP test support near $0.85, marking one of the largest pullbacks this cycle
Currently, XRP is trading near $1.38, down over 4% in the last 24 hours. Traders are advised to closely monitor the $1.30 support and $1.65 resistance levels. A move above $1.65 could signal a recovery, while a break below support may indicate further downside before a stronger rebound.
Outlook for Recovery
XRP can recover after a dip below $1, but only if buyers quickly reclaim the level. A strong close above $1.65 with rising volume would signal a trend reversal and potential continuation of recovery toward previous swing highs, depending on Bitcoin’s strength and overall market conditions.
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