- Ripple price slips below critical support as European equities drag.
- XRP price is set to shed at least 10% in the coming session as the sell-off picks up speed.
- Expect XRP price to shed around 18% and hit a 7-month low.
Ripple (XRP) price action is hurting investors and flashing red lights in financial markets. The biggest issue is that XRP price action is further selling off despite the Relative Strength Index (RSI) being firmly in the oversold zone. This means that sell-demand is so overpowering that bulls are getting out of the way and waiting for the drop to continue, to as far as the following substantial support level around $0.48, before they consider going long again.
XRP price scares investors out
Ripple price is penetrating below the monthly S1 support level at $0.58 and in the process looking to set a new six month low. As investors appear to be backing off, Ripple price action does not look likely to pick up anytime soon, although the RSI is trading firmly in oversold. The reason behind this is that XRP price action keeps selling off regardless of the oversold RSI, which is significant because it means that selling pressure is immense and could be linked to investors' divesting their positions.
XRP price will not see investors return to these levels anytime soon unless they reach a premium of $0.52 or even $0.48. Certainly, that last level would bring XRP price to a 7-month low which could trigger some investors to return to the scene for a lucrative buy opportunity. The RSI would be at the outer barrier of the oversold region by then, thus triggering some profit taking by bears, as they cover, reverting to the buy-side to close off their positions and book gains.
XRP/USD daily chart
Risk-off sentiment has come a long way and pushed several assets towards interesting low levels, which could trigger some buy-the-dip volume. This could accelerate into a U-turn in XRP price action without even having to tic test a fundamental support level as a prerequisite. This could mean that Ripple price jumps back above $0.63, and if that uptick continues systematically throughout the week, $0.78 could be quickly hit by Friday. This would set the scene for this weekend and next week as investors finally look beyond the short-term turmoil for longer-term upward potential.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks

Crypto Week survives scare as House members scramble to advance procedural motion in a 217–212 vote
House Republicans scrambled to win over holdouts on Wednesday to pass a procedural motion for several crypto bills by a vote of 217–212. The longest House vote in history, which lasted nearly ten hours, will see the GENIUS and CLARITY bills head to the floor for final passage deliberations on Thursday.

Chainlink stabilizes as Westpac and Imperium Markets adopt LINK in Project Acacia
Chainlink (LINK) price is stabilizing at around $16.47 on Thursday after rallying 5% so far this week. LINK announced on Thursday that major institutions, including Westpac Institutional Bank and Imperium Markets, will integrate Chainlink in Project Acacia, thereby boosting institutional use cases.

Top Crypto Gainers: Solana-based meme coins FLOKI, BONK post double-digit gains, CRV targets $1
Solana-based meme coins Floki (FLOKI) and Bonk (BONK) edged lower by 2% at press time on Thursday, following the 30% gains on Wednesday, ranking as top crypto gainers in the last 24 hours. Curve DAO (CRV) ranks third with a 21% surge following a triangle setup breakout, targeting the $1 psychological level.

TRX rises 3% as SRM Entertainment rebrands to Tron Inc
TRON (TRX) gained 3% on Wednesday following Nasdaq-listed SRM Entertainment's (SRM) announcement of its rebrand to Tron Inc. as part of its shift to a TRX treasury strategy.

Bitcoin: BTC hits new all-time high and enters price discovery mode
Bitcoin price prints a new all-time high near $118,900 on Friday, entering uncharted territory as bullish momentum accelerates. The surge in BTC was supported by rising corporate and institutional demand, with spot Bitcoin ETFs recording a total of $1.69 billion this week as of Thursday.

The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.