- XRP price slips below the vital level, unable to find support.
- Global markets are on the back foot, and a new round of sanctions is on the docket.
- Expect to see XRP tank roughly 6% today to find a level for a bounce-off.
Ripple (XRP) price is having an issue finding new investors and traders as the rally starts to fade little by little, with this morning slipping back below $0.8390. The Relative Strength Index (RSI) shows an alarming development that could be a sign for XRP price to drop today by 6%, which would mean Ripple price giving back its gains from last week. The only element that could keep the rally together is the monthly pivot at $0.8075.
XRP price sees monthly pivot as only support, preventing a 6% intraday drop
XRP price had a positive Sunday performance with a close above $0.8390, but things fell apart in the ASIA PAC session as bulls were unable to run price action upwards, let alone see more bulls coming in at $0.8390. Instead, XRP price dropped below it. With that drop, bears are flushing out some bulls on the way down as no support is present in the nearby vicinity.
Ripple price could be in trouble for today as the RSI is showing a divergence to the downside. Although prices are getting squeezed toward each other, the RSI is slipping toward 50 and looks set to slip below 50, revealing that bears are using the scepticism of last week to squeeze out bulls further. Expect to see bears trying to push XRP price toward $0.7843, with only the monthly pivot at $0.8075 as the line of defence preventing that. With only one actual test on the first day, that reputation looks feeble to hold.
XRP/USD daily chart
As sentiment for the week still needs to be set, a quick turnaround could still come, should equities with Nasdaq as a leading indicator jump-start the week to the upside. That would signal risk-on to the markets, with bulls pouring into risk assets across the board. That activity would push XRP price back above $0.8390 and target $0.8791 to the upside, which would mean a 4% gain for Monday.
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
Top 3 gainers Supra, Cosmos Hub, EOS: Supra leads recovery after Trump’s tariffs announcement
Supra’s 25% surge on Friday calls attention to lesser-known cryptocurrencies as Bitcoin, Ethereum and XRP struggle. Cosmos Hub remains range-bound while bulls focus on a potential inverse head-and-shoulders pattern breakout.
Bitcoin Weekly Forecast: Tariff ‘Liberation Day’ sparks liquidation in crypto market
Bitcoin price remains under selling pressure around $82,000 on Friday after failing to close above key resistance earlier this week. Donald Trump’s tariff announcement on Wednesday swept $200 billion from total crypto market capitalization and triggered a wave of liquidations.
Can Maker break $1,450 hurdle as whales launch buying spree?
Maker is back above $1,300 on Friday after extending its lower leg to $1,231 the previous day. MKR’s rebound has erased the drawdown that followed United States President Donald Trump’s ‘Liberaton Day’ tariffs on Wednesday, which targeted 100 countries.
Gold shines in Q1 while Bitcoin stumbles
Gold gains nearly 20%, reaching a peak of $3,167, while Bitcoin nosedives nearly 12%, reaching a low of $76,606, in Q1 2025. In Q1, the World Gold ETF's net inflows totalled 155 tonnes, while the Bitcoin spot ETF showed a net inflow of near $1 billion.
Bitcoin Weekly Forecast: Tariff ‘Liberation Day’ sparks liquidation in crypto market
Bitcoin (BTC) price remains under selling pressure and trades near $84,000 when writing on Friday after a rejection from a key resistance level earlier this week.
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.