Last Friday’s flash crash was a shock event that will go down in history as one of the biggest Black Swans crypto has ever seen, comparable to the COVID crash and the FTX collapse. Bitcoin dropped from over $120,000 to below $110,000, wiping out nearly $20Bn in leveraged trades and dragging everything down with it, with XRP USD hit especially hard.

Since then, there has been an uninspiring revival as Bitcoin Bitcoin 0.54% Bitcoin Bitcoin BTC Price $65,440.88 0.54% /24h Volume in 24h $22.23B Price 7d Learn more reclaimed the $116,000 level, only to quickly lose it, as it is already back down at $112,400. XRP is facing significant challenges due to market uncertainty, and dropped from $2.9 to $2.3 at the lows of Friday’s crash.

While there was some positive momentum to begin the week, with XRP briefly reclaiming $2.65, renewed selling pressure has emerged. As a result, traders are reconsidering their price predictions for XRP USD in the coming weeks.

Market Cap

XRP Faces Renewed Selling Pressure After a Brief Recovery

The brief XRP USD rally has now completely fizzled out, with the token now trading at around $2.48. This marks a decline of about 3% over the past 24 hours and more than 12% since last week. Trading activity has also decreased, with spot trading volumes down 18% to $6.6Bn from yesterday, and open interest also dipping by 6%.

There was a moment of optimism earlier this week. A brief recovery on Sunday and Monday had lifted spirits. Still, China’s recent retaliatory action has injected fear into the global markets, leading to another wave of crypto selling that has affected altcoins like XRP.

Additionally, whale activity has taken a bearish turn. A tweet from prominent Crypto Twitter trader @ali_charts revealed that over 2.2 billion XRP, valued at more than $5.5 billion, has been sold off since October 11. This significant increase in supply, amounting to roughly 3.7% of all circulating XRP, has naturally driven the price down. Currently, there is no positive momentum, and the short-term outlook for XRP appears quite bearish.

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XRP USD Price Prediction: Can $2.35 Support Hold Before a Bullish Rally?

XRP may face additional challenges before stabilizing. The token is sitting just 10% above a critical support level at $2.35 level, with buyers stepping in twice now to defend it. This level could act as a launchpad for the next upward move.

From a technical perspective, the $2.35 level aligns with the 0.383 Fibonacci retracement zone on the daily chart. For traders who monitor such retracement zones, this suggests that a reversal could be forthcoming.

If buyers can maintain this zone and spot trading volume increases, XRP could see a rebound toward the $3 mark, a major psychological threshold that has historically proven difficult to break.

Such a move would represent a 27% increase from the $2.35 support level. Considering all of this, now could be a potential opportunity for optimistic traders expecting one more dip before a bounce back.

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Bearish Outlook Points to XRP Falling Below $1 in 2026

XRP’s current technical outlook appears grim. The asset has fallen below both the 50-day and 100-day moving averages, indicating a clear bearish momentum.

Selling volume remains high, and the Relative Strength Index (RSI) is currently below 40, suggesting increasing weakness. This combination raises concerns for any short-term bullish expectations.

The most likely outcome of this decline is a retest of the support zone between $1.80 and $2.00 in the coming sessions, potentially followed by a prolonged drop towards $1.00.

This level marks the lower boundary of a long-term channel visible on the chart and serves as XRP’s last line of structural protection before the market could enter a phase of capitulation.

XRP risks losing investor confidence entirely if it does not reclaim the $2.60 level soon. The chart’s arrangement indicates fatigue and systemic weakness, even if brief rebounds are possible.

In summary, XRP’s rejection at the 200-day Exponential Moving Average (EMA) has been significant, and unless buyers regain control quickly, a decline to $1 seems increasingly likely.

The short-term direction for XRP USD hinges on it holding above $2.35, if it fails, $1 is a real possibility for Ripple Labs' native token

(SOURCE: TradingView)

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Alex Ioannou
Alex Ioannou
On-Chain Journalist

Alex is a seasoned cryptocurrency trader and market analyst with over seven years of active experience in the digital asset space. Since entering the markets in 2017, Alex has specialized in identifying emerging "meta" trends and high-volatility narratives. Notably, Alex... Read More

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