XRP News Update: XRP Eyes $1.00 Mark Amid Bearish Whale Pressure and Optimism from ETF Prospects
- Analysts predict XRP could drop to $1.00-$1.25 amid technical breakdowns and whale selling, despite ETF inflows. - Key support levels at $2.00, $1.90, and $1.61 are critical for confirming further bearish momentum below $2.00. - Market stress and October's liquidation event exacerbate downward pressure, overshadowing long-term ETF-driven bullish forecasts. - Bitcoin's recent $90,000 dip highlights synchronized crypto weakness, with both assets facing potential yearly lows.
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From a technical standpoint, the risk of a further drop is pronounced. XRP is presently trading beneath the crucial $2.20 support, hovering at $2.14-$2.18, with important levels to watch including the $2.00 psychological mark, June 2025’s low at $1.90, and April 2025’s low at $1.61. Should the price remain under $2.00, it would signal a stronger bearish trend, according to Master, a crypto analyst with over 53,000 Twitter followers, who
Despite recent investments from XRP ETFs, the downward trend is being driven by large holders selling and overall market instability. "XRP drops 11% despite ETF inflows, as whale sell-offs and market turbulence outweigh early institutional interest,"
Although short-term bearish projections are prevalent, some analysts remain cautiously optimistic about the future. Changelly’s outlook envisions a rebound for XRP to $2.15-$2.45 by December 2025, while Coinpedia’s bullish scenario sees prices reaching $5.05 by year-end if ETF approvals materialize,
The parallel bearish trends in both XRP and Bitcoin have sparked speculation about a possible market-wide bottom. Bitcoin’s recent slip below $90,000 in October, which coincided with XRP’s heightened volatility, highlights the strong links within the crypto market. Analysts caution that unless there is a shift in sentiment or significant changes in the macroeconomic environment, XRP may revisit its yearly low at $1.25, with Bitcoin potentially mirroring this downward path.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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