XRP Price Crash: Will Ripple Coin reach $1.00 ?
XRP price has plummeted to $1.20 amid a massive crypto market sell-off. Analysts now eye the $1.00 psychological support as the next target.
On February 5, a wave of liquidations wiped out nearly $900 billion in market value over the last three weeks, with $XRP leading the downward spiral among major altcoins. After losing key support levels earlier this week, the XRP price has officially touched the $1.20 mark, sparking fears of a return to a $1.00 valuation.
Why is XRP Crashing Today?
The current decline isn't an isolated event for Ripple. The entire sector is under immense pressure as Bitcoin struggles to hold the $70,000 level. According to data from Bloomberg, macroeconomic uncertainty and the fading hopes for aggressive interest rate cuts in the US have pushed investors toward a "risk-off" sentiment.
For XRP specifically, the "death stack" formation—where the price trades below all major exponential moving averages—has accelerated technical selling. Leveraged long positions worth hundreds of millions were liquidated in a single 24-hour window, creating a mechanical feedback loop that pushed the XRP price even lower.
XRP Price Prediction: Path to $1.00?
Looking at the current chart, the breakdown below the $1.40 support was the "red alert" for many traders. The $1.20 level currently acts as a temporary floor, but the volume profile suggests that selling pressure has not yet exhausted.
- Next Support: If $1.20 fails to hold on a daily closing basis, the next historical support zone lies between $1.05 and $1.10.
- The $1.00 Psychological Barrier: A dip to $1.00 is no longer a "bearish dream" but a mathematical probability if the broader market doesn't stabilize.
- Resistance: To invalidate this bearish trend, XRP would need to reclaim the $1.60 level, which previously served as a multi-month pivot point.
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Is There Any Hope for Ripple Coin?
Despite the price carnage, institutional interest remains surprisingly steady. Recent reports indicate that Spot XRP ETFs saw net inflows of over 12 million XRP earlier this week, even as prices tumbled. This suggests that "smart money" might be accumulating at these discounted levels, viewing the crash as a long-term entry point.
However, in the short term, the trend remains firmly bearish. For those looking to trade the bounce or move into more stable assets, selecting a reliable platform is crucial. See our exchange comparison for the most secure options.
Keep a close eye on the Bitcoin price, as its recovery is likely the only thing that can save XRP from testing the $1.00 support in the coming days.
