XRP price continued to fall as the broader crypto market selloff intensified. The token lost a key support level and dropped to its lowest price since November 2024.
XRP fell to around $1.35 after declining for five straight weeks. The move followed a sharp drop from its record high of $3.67, confirming strong bearish momentum.
The selloff erased about $128 billion in market value. XRP’s market capitalization dropped from a peak of $210 billion last year to roughly $82 billion.
The decline comes as crypto markets weaken alongside rising geopolitical concerns. Fears of a possible strike on Iran have increased uncertainty, weighing on risk assets such as cryptocurrencies.
Higher oil prices have added to the pressure. Rising energy costs could keep inflation elevated and limit the Federal Reserve’s ability to cut interest rates, which has hurt market sentiment.
Demand for spot XRP exchange-traded funds has also slowed. Recent inflows are far below the levels seen late last year, showing that many investors remain cautious.
On the technical side, XRP has broken below the key $1.55 support level and the 50% Fibonacci retracement. Momentum indicators continue to weaken, suggesting further downside risk.
If selling pressure continues, analysts see a potential move toward the $1 level. For now, XRP remains under pressure, with traders watching for signs of stabilization or further losses.
