Is It a Good Time to Buy XRP As Price Falls 64% From All-time High

Coingapestaff
Coingapestaff

Coingapestaff

Journalist
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Read full bio
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Is It a Good Time to Buy XRP As Price Falls 64% From All-time High

Highlights

  • XRP price trading 64% below its ATH may present accumulation opportunity.
  • Weak momentum indicators and capital outflows signal short-term bearish pressure.
  • Key support $1.33; break could push price toward $1.25.

XRP price hovered at $1.35 on Sunday after failing to rally above the $1.40 resistance level, extending its recent consolidation phase. The Ripple dropped by 1.02% in the last 24 hours, which indicates the reserved mood in the overall cryptocurrency market. Is it a good time to buy the dip?.

The XRP continues to be pressured despite efforts to resume an upward trend where traders evaluate risks in the macroeconomy and the shrinking market flows.

The XRP price is now trading nearly 64% below its all-time high of $3.84, which was recorded on January 4, 2018, during the height of the previous bull cycle. The sharp decline from that historic peak has revived debate over whether the current pullback presents a strategic accumulation opportunity. 

The total cryptocurrency market capitalization declined 1.19% to $2.3 trillion within 24 hours, signaling a wider risk-off tone among investors. Bitcoin price dropped 1.12% to $67,166, moving closely in line with the broader market downturn. 

The increasing geopolitical tensions, especially in the United States and Iran, have rattled the financial markets and caused selling in risk-sensitive assets. Moreover, spot Bitcoin ETFs have registered over $348 million of outflows earlier this week, straining on short-term price stability.

XRP Price Could Slide Further if BTC Breaks $60,000, Expert Says

A crypto analyst has shared a cautious outlook on the XRP price after its sharp retreat. He said the token now trades 64% below its previous high. He outlined possible accumulation zones if broader market pressure persists in the months ahead.

He pointed to the $0.85 to $0.95 range as the first key support area. That level could emerge if Bitcoin price slips under $60,000 and drags sentiment lower. He added that a fall toward $0.56 to $0.66 would reflect full market capitulation and erase the cycle’s gains.

XRP Price Prediction: Key Levels to Monitor This Week

The latest XRP price traded $1.34 trades, near a critical support level, reflecting continued consolidation pressure across the broader range.

The MACD indicator is marginally below the zero line, affirming declining upside momentum, and indicates that buyers have no immediate power to make a breakout move.

The Chaikin Money Flow value of around -0.27 shows that there are still capital flows, which supports a short-term bearish bias.

As long as XRP price continues to stay above the support zone of $1.33, the first upside level of $1.40 might form. A strong four-hour close above $1.40 can lead to the resurgence of bullish activity to the $1.50 resistance level.

Is It a Good Time to Buy XRP As Price Falls 64% From All-time High
XRP/USDT 4-hour chart: Tradingview

Nevertheless, the inability to guard $1.33 might hasten the losses to the range of $1.30, with the downside risk that extends and may approach the support zone of $1.25.

AD
BC Game

Play 10,000+ Casino Games at BC Game with Ease

  • Instant Deposits And Withdrawals
  • Crypto Casino And Sports Betting
  • Exclusive Bonuses And Rewards
BC Game

Frequently Asked Questions (FAQs)

1. Is this a good time to buy XRP?

Some investors see the 64% drop from its all-time high as a potential buying opportunity, but market risks remain in the short term.

2. How could Bitcoin affect XRP’s price?

If Bitcoin falls below $60,000, it could trigger broader market weakness and push XRP toward lower support levels.
coingape google news

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.