Why XRP Is Going Down: Will Ripple XRP Price Go up Again

Why Is Ripple XRP Price Falling: Why Did $XRP’s Drop After Surging?

#Ripple (XRP) has experienced significant market movements recently, surging over 330% in just 30 days and surpassing Solana's market capitalization. This marked its highest valuation in six years. However, the momentum was short-lived, with XRP encountering challenges that impacted its price trajectory.

Why Did XRP’s Price Drop After Surging?

One of the key factors behind XRP’s sudden decline was #Ripple CEO Brad Garlinghouse’s appearance on CBS’s “60 Minutes.” While the interview aimed to address Ripple’s ongoing challenges, it notably failed to mention a critical Federal Judge’s ruling that XRP is not classified as a security. 

This omission frustrated the cryptocurrency community, with many seeing it as a missed opportunity to highlight Ripple's legal progress. Even Garlinghouse expressed disappointment, calling the omission a “missed chance.” Following the broadcast, XRP’s price took a sharp hit, dropping by 8% to $2.35 within a single day.

Surge in Liquidations Intensifies Selling Pressure

The situation worsened as over $14.5 million worth of long positions in XRP were liquidated within 24 hours, adding to broader market turbulence. Across the crypto market, liquidations amounted to a staggering $358 million, triggering a chain reaction that pushed prices lower.

Despite heightened selling pressure, $XRP witnessed increased market activity, with trading volumes reaching $21 billion within the last day. However, this intense activity was not enough to sustain its market cap above $127.50 billion, causing XRP to slip below Tether (USDT) in cryptocurrency rankings.

Can Ripple (XRP) Stage a Comeback?

Although XRP has dropped below critical support levels, including the $2.50 mark, there are signs of potential recovery. The token recently found support near $2.00 and the 38.20% Fibonacci retracement level. Currently trading around $2.33 at the 23.6% Fibonacci retracement, analysts suggest breaking the $3 resistance level could initiate a new bullish trend.

What Next For Ripple XRP?

Market sentiment is showing early signs of revival, as indicated by a long wick candle formation. This reflects strong buying interest near critical support zones, signaling that investors remain optimistic about XRP’s long-term potential. If $XRP can surpass the $3 milestone, it may pave the way for a rally toward $5.

While the road ahead poses challenges, XRP’s resilience and strategic market positioning could help it regain momentum in the coming weeks.