XRP is currently trading around $1.14 after a sharp weekly decline from $1.45 at the start of the month. The token briefly touched support near $1.10 during a broader market selloff driven by macroeconomic pressures, geopolitical tensions, and liquidation cascades that pushed momentum indicators into oversold territory.
Market sentiment remains fragile as Bitcoin slipped toward $60,000, spot Bitcoin ETFs saw persistent outflows, and a stronger U.S. dollar emerged following robust labor market data that dampened expectations for Federal Reserve rate cuts. These factors have kept risk appetite subdued, with rising oil prices adding to inflation concerns.
WTI crude futures surged over 4% above $94 per barrel after renewed missile exchanges between Iran and Israel, threatening President Trump’s ceasefire efforts. Higher energy costs could make it more difficult for the Fed to ease policy, which typically weighs on non-yielding assets like altcoins.
Bitcoin’s recovery to the $62,000–$63,000 range has helped slow the selloff, but the Crypto Fear and Greed Index remains in Extreme Fear territory. XRP’s current consolidation appears more like a pause than a reversal, with analyst warnings pointing to further downside.
Crypto analyst Ali Martinez has highlighted the $0.90 level as a potential long-term buying opportunity. Technical indicators support a bearish outlook: the weekly MACD remains below zero, the Aroon Down indicator stands at 92.86%, and Aroon Up is at 14.29%, confirming sellers dominate the larger trend.
A 3-day liquidation heatmap shows heavy leverage concentrated between $1.08 and $1.05, with another liquidity pocket near $1.04. A sweep of these levels could trigger forced selling before a stronger rebound. Upside liquidity is clustered around $1.17 to $1.20, but XRP would need to reclaim $1.31 and then $1.50 to weaken the descending channel pattern.
Fundamentals provide some counterbalance: the XRP Ledger attracted $1.5 billion in real-world asset inflows over the past month, while Ethereum saw $1.2 billion in outflows. XRPL’s RWA market cap surged over 124% in Q1. Ripple’s RLUSD expansion through Wormhole has also improved cross-chain liquidity.
However, price action remains the near-term driver. A weekly close below $1.10 could expose $1.05 and then the $0.90 zone flagged by Martinez. A recovery above $1.20 would ease immediate downside pressure, but a break above $1.50 is needed to signal a trend reversal.