XRP Slides to $1.33, Tracking Below Target Price
Ripple (XRP) dipped 2.02% to $1.33 over the past 24h, underperforming Bitcoin’s 3.01% decline, amid a broader market sell-off driven by geopolitical tensions.
However, the token is tracking its $1.40 target price for the week, with a slew of crypto analysts setting new resistance at $1.38. XRP had inched near $1.60 before it failed to keep the momentum.
The Middle East conflict became a key drag, reducing investors’ buying interest across top crypto names. The market has seen a series of profit-taking.
XRP’s price movement mirrors a beta-driven sell-off as Bitcoin’s weakness pulled down major altcoins amid failed U.S.-Iran negotiations.
The trading pattern leaves XRP vulnerable to further drop. The token retreated amid a technical breakdown below the $1.35 support, with heavy volume, and a 77% plunge in XRP Ledger payment volume.
The entire crypto market cap fell by 2.57% over the past 24 hours. XRP’s move closely tracked Bitcoin’s decline, which was attributed to risk-off sentiment after U.S. Vice President J.D. Vance stated that U.S.-Iranian negotiations failed to resolve tensions. This macro uncertainty triggered a flight from risk assets.
XRP broke below the $1.35 support level on high volume, confirming aggressive selling. The 7-day average at $1.35 now acts as resistance. Concurrently, on-chain utility weakened sharply, with XRP Ledger payment volume crashing 77% in 24 hours.
The price decline was amplified by technical selling and validated by a stark drop in network activity, raising doubts about the sustainability of any recovery.
The immediate structure is bearish. Key support is the $1.20 zone, last tested during February’s market capitulation. Resistance is firm at $1.35–$1.40. A $1.60 reclaim is needed to shift the trend.
XRP is in a confirmed downtrend with clear risk levels. The path of least resistance is down unless macro sentiment improves. #XRP Slides to $1.33, Tracking Below Target Price ETH Price Stable as Schwab Launches Direct ETH Trading