XRP drops to 16-week lows: Can price fall below $1?
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- XRP fell below $1.35, breaching the lower trendline of its weekly bear pennant and opening a potential move toward $0.63.
- Egrag Crypto called XRP "structurally bearish" after the price slipped below $1.30 and listed bearish targets at $1.27, $1.10 and a possible capitulation wick near $0.88.
- ChartNerd said the breach of the $1.30 support line clears the path for XRP to drop toward $1 "sooner rather than later."
- Santiment reported that XRP's positive‑to‑negative social‑media sentiment ratio fell to 1.1:1, its highest FUD level in three weeks.
- Glassnode data shows XRP's Net Unrealized Profit/Loss (NUPL) stays in the capitulation/fear zone, with over 58% of holders underwater, indicating further downside risk.
Why it matters: XRP holders risk deeper losses as price slides toward $1 and below, while short sellers stand to profit; the heightened fear may also create a contrarian buying window for opportunistic traders.
