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XRP News Update: XRP Eyes $1.00 Mark Amid Bearish Whale Pressure and Optimism from ETF Prospects

XRP News Update: XRP Eyes $1.00 Mark Amid Bearish Whale Pressure and Optimism from ETF Prospects

Bitget-RWA2025/11/21 19:08
By:Bitget-RWA

- Analysts predict XRP could drop to $1.00-$1.25 amid technical breakdowns and whale selling, despite ETF inflows. - Key support levels at $2.00, $1.90, and $1.61 are critical for confirming further bearish momentum below $2.00. - Market stress and October's liquidation event exacerbate downward pressure, overshadowing long-term ETF-driven bullish forecasts. - Bitcoin's recent $90,000 dip highlights synchronized crypto weakness, with both assets facing potential yearly lows.

XRP and

Poised for a Joint Market Bottom? Analyst Sees One More Downward Move

The

market is at a pivotal moment, with experts warning of a possible 50%-55% plunge to as low as $1.25, and in more pessimistic scenarios, even reaching the psychological $1.00 threshold. This bearish sentiment stands in contrast to optimistic long-term forecasts that hinge on ETF approvals and broader economic stability, reflecting the high degree of uncertainty currently affecting the crypto sector.

From a technical standpoint, the risk of a further drop is pronounced. XRP is presently trading beneath the crucial $2.20 support, hovering at $2.14-$2.18, with important levels to watch including the $2.00 psychological mark, June 2025’s low at $1.90, and April 2025’s low at $1.61. Should the price remain under $2.00, it would signal a stronger bearish trend, according to Master, a crypto analyst with over 53,000 Twitter followers, who

. This severe projection is consistent with the volatility experienced during the October 2024 market shakeout, when XRP briefly touched $1.25.

XRP News Update: XRP Eyes $1.00 Mark Amid Bearish Whale Pressure and Optimism from ETF Prospects image 0

Despite recent investments from XRP ETFs, the downward trend is being driven by large holders selling and overall market instability. "XRP drops 11% despite ETF inflows, as whale sell-offs and market turbulence outweigh early institutional interest,"

. Satraj Bambra, CEO of Rails and managing partner at Round13, pointed to October’s liquidation event as the catalyst for a liquidity gap that intensified the decline. "When the market is already fragile, it doesn’t require a major trigger to tumble; just an opportunity," Bambra remarked, .

Although short-term bearish projections are prevalent, some analysts remain cautiously optimistic about the future. Changelly’s outlook envisions a rebound for XRP to $2.15-$2.45 by December 2025, while Coinpedia’s bullish scenario sees prices reaching $5.05 by year-end if ETF approvals materialize,

. Nevertheless, these positive forecasts are currently overshadowed by technical weakness and ongoing selling. Standard Chartered’s three-year target of $8 further demonstrates the gap between immediate bearishness and long-term positive fundamentals, .

The parallel bearish trends in both XRP and Bitcoin have sparked speculation about a possible market-wide bottom. Bitcoin’s recent slip below $90,000 in October, which coincided with XRP’s heightened volatility, highlights the strong links within the crypto market. Analysts caution that unless there is a shift in sentiment or significant changes in the macroeconomic environment, XRP may revisit its yearly low at $1.25, with Bitcoin potentially mirroring this downward path.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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