XRP Price Continues Downward Trend Amid Market Turmoil

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 2d ago

Should l Buy XRP?

Price Plunge: XRP has fallen to $1.3495, its lowest since November 2024, representing a 63.2% drop from its record high of $3.6650, indicating severe market confidence issues that could lead to further investor withdrawals.
Market Capitalization Decline: XRP's market cap has shrunk from $210 billion last year to $82 billion currently, resulting in a staggering $128 billion loss, reflecting overall weakness in the crypto market that may impact Ripple's long-term growth strategy.
Declining ETF Demand: While spot XRP ETFs saw inflows of over $28 million this month, this is a significant drop from over $666 million in November, suggesting that investors are adopting a cautious stance on market prospects, which could affect Ripple's liquidity.
Deteriorating Technical Indicators: XRP has breached the critical support level of $1.5465, with the Relative Strength Index and Stochastic Oscillator continuing to decline, indicating a bearish market sentiment, with potential further declines towards the $1 level at the 78.6% Fibonacci retracement.

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Technical Analysis for XRP

Technical Sentiment Analysis for XRP (XRP) As of , XRP (XRP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

XRP (XRP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.461	0.789	1.157	1.485	1.853	2.181	2.548
Fibonacci	0.789	1.055	1.219	1.485	1.751	1.915	2.181

About XRP

Launched in 2012, the XRP Ledger (XRPL) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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