Key Points:
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XRP fell to around $1.60, its lowest level in nearly a month after breaking major support zones.
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Heavy liquidations continued as broader crypto market weakness intensified selling pressure.
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Traders now warn of further downside if XRP fails to hold above the $1.60 level.
XRP extended its sharp decline on Friday, sliding to around $1.60 as the broader cryptocurrency sell-off deepened and earlier support levels failed to hold. The drop marks XRP’s lowest price in nearly one month and underscores the intensity of liquidation-driven trading across digital asset markets.
The latest move follows an earlier breakdown below the $1.75 and $1.74 zones, which had briefly acted as a floor during the first wave of selling. Once those levels gave way, momentum accelerated and pushed XRP lower within hours.
Market data shows that the decline has been driven largely by leveraged long positions being forced out, rather than by any negative development specific to Ripple or the XRP Ledger. Recent news around Ripple’s banking discussions and infrastructure upgrades has not been enough to offset the pressure coming from a bitcoin-led market downturn.
Trading volumes rose sharply during the slide, suggesting institutional participation and widespread risk reduction. Analysts noted that rebounds have so far been weak and short-lived, indicating stabilization rather than a clear reversal.
Technical observers now see the $1.60 area as a critical near-term support level. A sustained hold could allow XRP to consolidate, but a decisive break below this zone may open the door toward the $1.55 and $1.50 range. Former support between $1.74 and $1.80 has now turned into resistance and would need to be reclaimed to restore confidence.
For now, XRP remains highly sensitive to broader market sentiment. Until liquidation pressure eases and major cryptocurrencies stabilize, traders expect volatility to stay elevated and price action to remain driven by technical levels rather than headlines.
