XRP is trading near $1.50 after a sharp sell-off that erased roughly $20 billion in market capitalization over the past week. The move places XRP among the hardest-hit large-cap tokens during the latest risk-off phase, with price sliding well below recent support levels amid broad crypto market weakness.
Despite the scale of the decline, the drop appears tied more to market-wide stress than to any sudden deterioration in XRP’s underlying fundamentals. As Bitcoin broke below key technical levels, selling pressure cascaded across altcoins, amplifying losses in assets like XRP.
Market-wide risk aversion drives the sell-off
According to market analyst BlockSavvy, XRP’s decline reflects a broader retreat from risk across digital assets. Rising macro uncertainty, ETF-related adjustments, and institutional outflows have intensified selling pressure, particularly in assets with high beta to Bitcoin’s price action.
XRP fell as low as $1.29, marking a weekly decline of more than 26%, as price dropped below key moving averages that typically signal trend strength. Historically, such breaks have often coincided with periods of heightened volatility rather than immediate trend reversals.
Oversold conditions hint at short-term stabilization
While momentum remains weak, some technical indicators suggest selling pressure may be approaching exhaustion. XRP’s relative strength index has moved close to oversold territory, signaling extreme conditions that have, in past cycles, preceded short-term rebounds.
These signals do not imply a confirmed bottom. However, they suggest that downside momentum could slow if broader market conditions stabilize. For now, XRP remains highly sensitive to shifts in Bitcoin’s price and overall crypto sentiment.
XRP 6 month price prediction
CoinCodex’s algorithmic XRP price prediction points to a cautious recovery scenario rather than an immediate reversal. For February, the model places XRP in a narrow range, with prices fluctuating between roughly $1.32 and $1.53, reflecting consolidation after the sharp drawdown.
As the year progresses, CoinCodex projections show modest improvement. April and May forecasts place average prices near $1.52, with upside scenarios extending toward the $1.60 area. Momentum strengthens further in the second half of the year, with July projections showing a wider range and potential highs approaching $2.02, assuming sentiment improves and volatility subsides.
These projections remain scenario-based and depend heavily on broader market stabilization rather than asset-specific catalysts.
Volatility remains the defining risk
XRP’s recent drawdown highlights how quickly market sentiment can shift during periods of elevated uncertainty. Institutional flows, ETF dynamics, and Bitcoin’s technical structure continue to exert outsized influence on price direction.
While oversold signals and model-based forecasts point to potential recovery scenarios, risks remain elevated. Further downside cannot be ruled out if risk appetite deteriorates or if selling pressure resumes across the broader market.
XRP’s drop toward $1.50 reflects a market-wide reset rather than a breakdown in fundamentals. Oversold technical conditions suggest the pace of selling may ease, but confirmation of a sustained rebound will likely require broader stabilization across crypto markets.
For now, XRP remains caught between fragile sentiment and tentative recovery signals, setting the stage for continued volatility in the weeks ahead.
Source:: XRP Price Prediction: $20B Wiped Out in a Week as Oversold Signals Meet Cautious Recovery Scenarios