Share this article
Back at $1: Ripple's XRP Retreats Amid Market Sell-off
Down to a two-week low, Ripple's XRP token is taking a beating amid a broad losses across the cryptocurrency markets.
Updated Sep 13, 2021, 7:31 a.m. Published Feb 1, 2018, 2:46 p.m.
Ripple's XRP token is taking a beating amid a broad losses across the cryptocurrency markets.
The price of XRP fell to a two-week low of $0.99 today, according to CoinDesk's Ripple Price Index. The XRP/USD exchange has depreciated by 11.86 percent in the last two hours, indicates CoinMarketCap.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
As of writing, the world's third-largest cryptocurrency by market capitalization is changing hands at $1.01. XRP was last seen this low on Jan. 17 when prices fell to $0.85.
The recovery that ensued then ran out of steam in the $1.72 neighborhood on Jan. 18. Since then, XRP has been steadily losing altitude, creating lower highs (bearish prices) on the price chart despite big financial firms publicly expressing their interest in the blockchain startup's technology.
That said, XRP is not the only loser today. Except for ethereum's ether token, all top 20 currencies by market capitalization are trading in the red. Bitcoin has dropped by 8.69 percent in the last 24 hours. Cardano and Stellar are down 14 percent, while bitcoin cash has depreciated by 10 percent.
The price chart suggests that XRP could extend the decline to 0.8647 levels.
XRP chart
The above chart (prices as per Bitfinex) shows:
- Bears are in control, as indicated by the series of higher lows.
- 5-day moving average (MA) and 10-day MA are trending lower, indicating a bearish setup.
- The relative strength index (RSI) also favors further losses in XRP.
- $0.86 marks the confluence of the 100-day MA and 78.6 percent Fibonacci retracement of the rally from Dec. 7 low to Jan. 4 high.
View
- XRP looks set to test $0.8647 in the next 12–24 hours.
- A daily close (as per UTC) below $0.8647 would expose support at $0.64 (Dec. 18 low). However, a move below $0.86 may end up pushing the 4-hour RSI and the daily RSI into oversold territory (below 30.00). So, the odds of a further decline to $0.64 would be low.
- Bullish scenario: Meanwhile, only a daily close (as per UTC) above the 10-day MA would signal bearish invalidation and could yield short-term consolidation.
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Ripple.
Water spilling image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin Market Echoes Early 2022 as Onchain Stress Mounts: Glassnode
Rising bitcoin supply in loss, weakening spot demand and cautious derivatives positioning were among the issues raised by the data provider in its weekly newsletter.
What to know:
- Glassnode's weekly newsletter shows multiple onchain metrics now resemble conditions seen at the start of the 2022 bear market, including elevated top buyer stress and a sharp rise in supply held at a loss.
- Off chain indicators show softening demand and fading risk appetite, with declining ETF flows and weakening spot volumes.
Top Stories
