- XRP falls below key support as traders monitor sub-$1 risk.
- ETF inflows continue, yet fear dominates broader crypto sentiment today.
- South Korean trading activity remains strong despite the ongoing XRP correction.
XRP has fallen below a major long-term support level, raising concerns that the cryptocurrency could revisit prices below $1. The token dropped to $1.05 on Saturday, marking its lowest level in months and extending a six-day losing streak that began shortly after XRP peaked at $1.36 on May 30.
Despite continued institutional demand, market sentiment remains weak. Recent data showed nearly $4 million flowed into XRP exchange-traded funds, pushing cumulative inflows closer to $1.5 billion. However, those inflows have not prevented selling pressure from building across the broader market.
At the same time, XRP has slipped behind USDC in market capitalization rankings. Moreover, the Crypto Fear and Greed Index has returned to extreme fear, reflecting growing caution among investors.
During Saturday’s trading session, XRP fell from $1.11 to $1.05 before recovering slightly to around $1.09. Nevertheless, traders remain focused on whether the recent decline could extend further in the coming days.
Also Read: XRP ETF Inflows Slow to Weekly Low Despite Holding Lead Over Bitcoin
Oversold conditions emerge as traders monitor next support zone
The latest sell-off has pushed XRP into one of its most oversold positions in years. Weekly Relative Strength Index readings have reached levels that historically appeared near major market bottoms.
However, oversold conditions do not guarantee an immediate recovery. Markets often remain under pressure for extended periods during liquidation-driven declines. Consequently, some analysts believe XRP could trade within a range before establishing a clearer direction.
Another closely watched level sits at $1.18. That area aligns with the weekly 200-period moving average, which has supported XRP for most of the period since November 2024. Apart from the October market decline, XRP largely remained above this technical level.
Now that XRP is trading below the weekly moving average, attention has shifted toward lower support zones. Analysts are monitoring the $0.92 area as the next major level of interest. A move toward that region would place XRP below the psychologically important $1 mark.
On the upside, a recovery above $1.18 could improve short-term sentiment. In that scenario, traders may begin targeting resistance levels around $1.60 and potentially $2.
XRP trading activity in South Korea remains elevated
Beyond the recent price weakness, XRP continues to attract significant trading activity in South Korea. According to Evernorth CEO Asheesh Birla, XRP remains one of the most actively traded cryptocurrencies on Upbit, the country’s largest digital asset exchange.
Birla stated on X that XRP/KRW consistently ranks among Upbit’s most-traded markets. He added that the pair has repeatedly generated higher trading activity than Bitcoin and Ethereum during periods of elevated market participation.
Strong trading volumes in one of the world’s most active digital asset markets suggest interest in XRP remains intact despite the ongoing correction. Nevertheless, traders are likely to keep their focus on whether the token can reclaim lost support levels before sentiment begins to improve.
Conclusion
XRP remains under pressure as traders assess whether current oversold conditions can support a recovery. Until the asset regains key support levels, attention is likely to remain on the risk of a deeper decline toward the next major support zone.
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