XRP Price News: Ripple Risks 28% Drop as Bears Put Pressure on Key Support

XRP (XRP) has dipped by 22% over the past 30 days as the crypto market is once again facing strong selling pressure amid persistent geopolitical tensions.

This week, President Donald Trump threatened to slap over 60 countries with higher tariffs in retaliation for what he deemed as “unfair” trade practices involving the use of “forced labor.”

The market panicked, and a key sentiment gauge, the Crypto Fear and Greed Index, just swung to “Extreme Fear” for the first time in March.

Liquidations spiked as top tokens, including Bitcoin (BTC) and Ethereum (ETH), lost key support areas. In the past 5 days alone, over $4.2 billion worth of long positions in this market have evaporated as a result of the move.

On Wednesday, XRP ETFs snapped a long streak of positive net inflows with a $5.3 million outflow. Net assets in these funds are still holding strong at $1 billion despite the market’s setback.

Meanwhile, they have received $1.40 billion in cumulative net inflows, indicating strong interest from Wall Street investors.

XRP At Risk of Snapping Long-Dated Bullish Pattern – A 28% Drop Is Possible

We have been tracking a historical pattern in the weekly chart that has signaled the end of previous bear markets for XRP.

Today, we are retesting the token’s cycle lows at $1.13. This has happened in previous cycles as well. However, in XRP’s case at least, the price has never dipped below this previous low.

This signal features a 100% win rate, and based on these historical patterns, this price zone would be the optimal entry for a long position if we expect a repeat of this bullish pattern.

In previous instances, XRP has rallied strongly over the next 4 to 24 weeks. However, if we break below the $1.13 support, we could see the token dropping to at least $0.80, meaning a 28% downside risk.

Is this time different? From a macroeconomic standpoint, the problem lies in the market’s expectations about interest rates. Analysts’ estimates for rates shifted from an expected cut during the last quarter of 2026 to a potential 25 basis points rate hike in September 2026, as per data from FedWatch.

However, even in 2022 when rates were steadily increasing, this weekly pattern held up quite well. Hence, if the price bounces strongly off $1.13, we still expect the beginning of a bull market for this altcoin.

XRP Hit Our Short-Term Target

The price action just hit our latest target for a short position we outlined a few days ago. If you were paying attention, that position yielded a 3x return.

We are already seeing some buying pressure at that key support at $1.13, which is a positive, yet not conclusive indication, that this could be a bouncing pad for XRP.

The Relative Strength Index (RSI) has already entered oversold territory in this lower time frame, setting the stage for a bounce as the sell-off has gone a bit too far.

If this buy signal holds and performs similarly to previous periods, we could expect a strong rally back to $3 for XRP over the next few days. However, the jury is still out on this one as bearish pressure continues to build up.