XRP drops below one dollar as analyst warns of further losses
Image: CoinGapeXRP slipped below $1 after failing to clear $1.55 resistance. Analyst Ali Martinez warned that losing the $0.99 support level could push the token down toward $0.80. US spot XRP exchange-traded funds recorded $1.09 million in net outflows. The wider cryptocurrency market also declined as Bitcoin dropped below $69,000.
Key points
- Analyst Ali Martinez warned that losing the $0.99 support could send XRP toward $0.80.
- The broader cryptocurrency market experienced a decline alongside falling token prices.
Why it matters
Falling token prices and ETF outflows highlight increased selling pressure across the digital asset market, impacting key support levels for major cryptocurrencies.
What's unclear
Whether XRP will sustain a close above or below the $0.99 support level.
Price context · XRP
At publication
$0.9904
Now
$0.9934
Change since
+0.30%
7 days · dashed line = publication
Sources · 3 publishers
Crypto Briefing
Tier 2
XRP falls below $1 amid extreme fear in crypto market
CoinGape
Tier 2
XRP Price Falls Below $1 as Analyst Flags Risk of $0.80
Coverage timeline
- First reported by Finbold
- Also reported by Crypto Briefing
- CryptoVideos brief published
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