XRP price has not been spared by the ongoing crypto market crash. After peaking at $3.66 in 2025, Ripple has continued to make a series of lower lows, bringing it to $1.1320, its lowest point since November 2024. This plunge has seen its market cap falling from over $202 billion to $70 billion today.
XRP Price Technicals Suggest More Downside to Go
The weekly chart shows that the Ripple price has been in a strong bearish trend in the past few months. This crash happened after it formed a double-top pattern at $3.4037 and a neckline at $1.6226. A double-top is one of the most common bearish reversal signs in technical analysis.
The coin recently dropped below the neckline and the crucial 61.8%% retracement level of $1.6226. It has also remained below the 50-week and 100-week Exponential Moving Averages (EMA), a sign that bears remain in control.
The Relative Strength Index (RSI) has dropped to the oversold level of 30. Other oscillators like the MACD and the Stochastic Oscillator have continued falling this month.
Therefore, the coin will likely continue falling, potentially to the key support level of $1. Moving below that level raises the possibility that the coin will move much lower, potentially to the psychological level of $0.50 in the near term.
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Ripple Demand is Waning as the Crypto Winter Continues
There are signs that the XRP demand is waning in the futures and spot markets as the crypto winter continues. Data compiled by CoinMarketCap shows that the volume has been in a strong downward trend in this period. It dropped by over 15% in the last 24 hours to $1.32 billion.
Similarly, the futures open interest has slumped in the past few months, reaching a low of $2.4 billion today. At its peak, the token experienced high open interest of over $10 billion a day.
The main reason for the ongoing sell-off is the ongoing crypto winter that has affected Bitcoin and most altcoins. Only a handful of coins, especially those in the AI segment, have done well in this period.
XRP has crashed despite the modest ETF inflows. Data shows that spot XRP ETFs have added $13 million in inflows this month, after they added $131 million last month. In contrast, Bitcoin and Ethereum ETFs have shed over $2.4 billion and $187 million, respectively, this month.
In addition to the crypto winter, investors are getting concerned about the disconnect between XRP token and Ripple Labs. While Ripple Labs has continued to thrive, the XRP Ledger has been struggling. Indeed, some of the top initiatives launched to boost the network, like Permissioned DEX have not boosted its network growth.
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