XRP Falls Below $1 as Extreme Fear Grips Crypto Market, Sources Diverge on Price Levels
XRP dropped below $1 as a broader crypto sell-off pushed Bitcoin under $70,000 and the Crypto Fear & Greed Index into extreme fear territory. Analysts remain divided on whether the pullback from the $1.50 resistance zone marks a temporary dip or the start of a deeper correction.
Written by CoinArticle’s AI Newsroom · from 2 cited sources. How we work
Price Action and Liquidations
XRP fell below the $1 mark during a broader sell-off that also pushed Bitcoin below $70,000, according to Crypto Briefing. CoinGlass data showed roughly $16.94 million in XRP positions liquidated over the prior 24 hours, which the outlet said pointed to leveraged selling as a significant driver of the move.
The two sources describe the decline from different starting points. NewsBTC reported that XRP had already fallen to the $1.35 area on Tuesday, its lowest level since late April, after rejecting the $1.50 level. The gap between that $1.35 figure and the sub-$1 level reported by Crypto Briefing reflects a sharp further decline; the reports do not specify the timing of the break below $1 relative to each other, so readers should treat the precise path as unconfirmed by a single source.
Sentiment Backdrop
The Crypto Fear & Greed Index registered between 13 and 20 at the time of Crypto Briefing's reporting, a reading in its "Extreme Fear" band. Crypto Briefing framed the leveraged liquidations as evidence that sentiment and forced selling were reinforcing each other.
NewsBTC's earlier reporting placed XRP's recent high at $1.54 after a rally tied to progress on the CLARITY Act, a two-month high that was quickly rejected. That rally has since been fully reversed, with NewsBTC noting roughly a 12% decline over five days before the latest leg lower.
Analyst Views on the Next Leg
ChartNerd, cited by NewsBTC, argues that XRP risks further downside toward new lows. He pointed to the weekly 20 and 50 exponential moving averages near $1.50 and $1.80 as key resistance, and to a confirmed death cross in the weekly Stoch RSI. In his view, failure to turn the 20 EMA into support could open the next leg down later this year, with a previous macro resistance near $0.70 as a possible cycle bottom.
Ali Martinez, also cited by NewsBTC, took a more neutral technical stance. He described the three-day Bollinger Band squeeze as the tightest in over a year and advised waiting for a clean three-day close outside the $1.29 to $1.50 range. He framed a close above the range as pointing toward $1.80 and a breakdown toward $1.00 as invalidating the near-term bullish structure.
The two analyst views are not directly contradictory, since both place the decisive level in the $1.29 to $1.50 zone, but they differ on the probability and depth of further downside. Neither source provides a price target that has been validated by subsequent trading.
What to Watch
Crypto Briefing identified Bitcoin's performance as the primary external variable for XRP, along with changes in the Fear & Greed Index and Ripple-related legal or regulatory developments. The outlet's framing suggests that a recovery in XRP's price would likely depend on broader market stabilization rather than on XRP-specific catalysts alone.
Why It Matters
For Traders
The $1.29 to $1.50 range and the $1.00 level are the near-term reference points analysts are watching, and liquidation data suggests leveraged positions are being unwound.
For Investors
A sustained move below $1 during extreme fear readings would test whether XRP's multi-month structure holds, with analysts split on whether the current range is a base or a waypoint.
For Builders
XRP-denominated applications face a sharp drawdown in token value, which may affect treasury balances and user-facing pricing tied to the asset.
This article is for information only and is not financial advice. Read the full disclaimer.
