Quick overview

Live XRP/USD Chart

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XRP hit its lowest point since November 2024 to $1.44, the same month that US President Donald Trump was elected.

The upward trend soon slowed above $3.50 and peaked last July at $3.65 despite the bullish initial response to Trump’s election victory. Since then, XRP has been declining, and in recent weeks, this trend has accelerated. Bulls are concerned because the price is currently trading well below $1.50, where buyers stopped the decline during the April sell-off.

The break below this so-called support level, which served as the primary demand zone, signifies that sellers are now in charge.

XRP has seen steady outflows over the last four days, according to Coinglass data. The total outflows during this time have reached $57 million, suggesting that sellers may be running out of tokens as they start to leave exchanges. As some traders profit from the recent price drop, a spike in spot outflows also indicates accumulation. At the time of writing, XRP was trading at $1.04, below $2, according to CoinMarketCap. Over the last three weeks, its price has decreased by 27%.

Additionally, traders seem to be getting ready for a more significant sell-off. Over the past 24 hours, block flows on the top cryptocurrency options platform Deribit have indicated demand for both strangles, a wager on an increase in volatility, and sell spreads, a bearish strategy.

Derivative contracts known as options grant the buyer the right, but not to purchase or sell the underlying asset at a fixed price at a later time. A call option denotes a long bet on the market, whereas a put option grants the right to sell and represents a short position.

XRP at $1.44 today presents an alluring entry point with community-discussed estimates between $10-$27 since 2024 and backed by past bull markets. A 576 percent increase would be implied by such a target, which is similar to the 580 percent increase observed following the November 2024 election.