XRP price has
tumbled to its lowest level in over a week, falling to $2.0856 on Friday before
recovering slightly to $2.1729 on Saturday, as the cryptocurrency faces
pressure from both geopolitical tensions and technical selling.
In this article, we answer the question of why XRP is going down today, explore the outlook based on technical analysis, and review the latest price forecasts.
XRP Plunges to Two-Month
Lows as Legal Settlement and Geopolitical Tensions Weigh
The token
has now posted four consecutive sessions of losses, dropping more than 10% from
Tuesday’s peaks near $2.32. The decline coincides with broader cryptocurrency
market weakness following Israel’s
military strikes on Iranian nuclear facilities, which sent investors
fleeing from risk assets to
popular save havens like gold, Swiss franc or Japanese yen.
“Gold and oil are climbing on real-world demand and
risk aversion. Crypto is dipping as traders cash in on short-term volatility,
and because it’s still not viewed as a true safe haven, at least not yet,” said Dr Kirill Kretov, Senior Automation Expert at CoinPanel. “When traditional finance is stressed, gold benefits from its reputation as a safe haven.”
XRP price today. Source: CoinMarketCap.com
XRP’s
latest slide comes despite what many viewed as positive news in its
long-running legal battle with the Securities and Exchange Commission (SEC ). On
Thursday, Ripple and the SEC filed a joint motion requesting the release of
$125 million held in escrow, with $50 million going to the SEC as a civil
penalty and $75 million returning to Ripple.
“The
parties’ proposed resolution will preserve the resources of the Second Circuit
by avoiding the need to decide appeals, obviate any remand for further
proceedings in this Court, and bring 4.5 years of hard-fought litigation to an
end,” the filing attorneys wrote.
The
settlement motion represents the final chapter in a case that began in December
2020 when the SEC accused Ripple of conducting unregistered securities sales.
While Judge Analisa Torres ruled in July 2023 that secondary XRP sales are not
securities, she also determined that institutional sales during funding rounds
violated securities laws.
Technical Breakdown
Accelerates XRP Price Selling
From a
technical perspective, XRP has struggled to break above the $2.33 resistance
level, facing three rejections at that price point over recent sessions. The
repeated failures have created what analysts describe as a head-and-shoulders
pattern, with the neckline sitting at $2.285.
Trading
volume peaked during the heaviest selling, with over 7 million units changing
hands as the price declined from $2.288 to $2.260 – a 3.7% drop in a single
session. While XRP formed a double bottom at $2.250 and attempted a recovery,
the bounce came on declining volume, suggesting weakening buying interest.
XRP price technical analysis. Source: Tradingview.com
The broader
cryptocurrency market has been under pressure since Israel launched airstrikes
against Iran’s nuclear facilities on June 13. Bitcoin dropped 4% to around
$103,000, while Ethereum fell 8% and other major tokens posted similar
declines.
In my
previous technical analysis, I suggested that XRP might have a chance for a
stronger rebound due
to the completion of a flag pattern, which points to an upward target
around the $3.30 level. But what do expert forecasts say about this potential?
XRP Price Predictions: 10,
100 or even 1,000 per one XRP token?
Expert/Institution
2025
Prediction
2026
Prediction
2027
Prediction
2028
Prediction
2030
Prediction
Key
Drivers
Standard
Chartered
$5.50
$8.00
–
$12.50
–
ETF
approvals, institutional adoption
CoinDesk
AI Model
$2.85 (July)
–
–
–
–
Technical
breakout, volume surge
Michaël
van de Poppe
$3.40
–
–
–
–
Retest of
January 2025 high
EGRAG
Crypto
$15-17
–
$27
–
–
Breaking
$3.40 resistance, historical patterns
Ali
Martinez
$3.35
–
–
–
–
Cup-and-handle
pattern
Arthur
Azizov
$5-7
–
–
–
–
Regulatory
developments
Ryan Lee
$1.80-8.40
–
–
–
–
Adoption and
regulatory outcomes
Alpha
Lions Academy
$10
–
–
–
–
ETF demand,
