- XRP price dropped to $1.44, its lowest level since November 2024, as traders monitor crypto market volatility.
- Analysts note $1.00 as a potential support level, while long-term targets remain speculative.
XRP dropped to $1.44, marking its lowest level since November 2024, as traders monitored market volatility and broader crypto sell-offs. The slide comes amid weakening risk appetite, driven in part by bitcoin’s recent decline.
Post-Election Gains Fade
XRP surged after Donald Trump’s 2024 U.S. election victory, reaching around $3.65 in July 2025, driven by optimism about crypto-friendly policies. However, the price has been gradually drifting downward in recent months, culminating in this recent low.
Market Reaction and Technical Signals
Traders are keeping a close eye on downside risks. Derivatives activity on platforms like Deribit shows increased demand for put spreads and strangles, strategies that benefit from larger price moves. Analysts call the recent drop a “washout” and say market sentiment, rather than fundamental weakness, drives it.
Korean Elliott Wave analyst XForceGlobal called the move emotional rather than balanced and highlighted potential long-term targets between $20 and $30. He also noted that $6 could act as a key level for profit-taking and reassessment before any sustained upward trend.
Psychological Floors and Outlook
While $1.00 is cited as a potential psychological support level, analysts caution that rapid selling could push prices toward it faster than expected. Conversely, such sharp declines often see quick rebounds once forced selling eases.
Long-term projections remain mixed. Some forecasts suggest XRP could reach $5 by 2030 under optimistic scenarios, though competition from Stellar and traditional cross-border payment networks like SWIFT could limit gains.
For now, traders are closely watching whether XRP can stabilize above current levels and how broader market movements, especially bitcoin’s performance, influence its next steps.
DISCLAIMER:
The views and opinions expressed herein are solely those of the author or advertiser and do not necessarily reflect the views of the publisher. The publisher does not endorse or guarantee the accuracy of any information presented in this article. Readers are encouraged to conduct further research and consult additional sources before making any decisions based on the content provided.
About the Author
