XRP Drops Double Digits to $1.42 as ETFs and Market FUD Pressure Price — Is $1 Next?
XRP plunged over 10% in 24 hours to as low as $1.42, the weakest level since November 2024, reversing from a $2.40 peak a month earlier (a ~40% drop). Recent XRP ETF flows are mixed: a large $92.92m outflow last Thursday was followed by modest inflows ($19.46m on Tuesday, $4.83m on Wednesday). Ripple announced institutional support for Hyperliquid via its prime brokerage platform the day before, indicating no clear fundamental shock within the ecosystem. Analysts point to growing market FUD and retail selling, plus liquidation cascades, as likely drivers. Technical analysts noted a bearish daily close and identified support levels at $1.51 (recently broken), $1.42 and $1.27; the next psychological target is $1.00. Key takeaways for traders: heightened volatility and liquidation risk remain; monitor ETF flows, support at $1.42/$1.27, and market sentiment — a breach below $1.27 could accelerate a move toward $1.00.
Bearish
The article describes a rapid, >10% decline in XRP with key supports broken and liquidation dynamics. ETF flows are mixed — recent inflows do not offset the prior $92.92m outflow — and Ripple’s positive institutional announcement did not prevent the selloff, suggesting sentiment-driven pressure. Technicals: bearish daily close, support levels at $1.42 and $1.27 (with $1.51 already lost), and a clear psychological target at $1.00. Historical parallels: prior crypto selloffs driven by large ETF withdrawals and retail liquidations have produced accelerated declines when leverage and stop-loss clusters are triggered. Short-term impact: increased volatility, higher liquidation risk, and likely further downside pressure if $1.27 fails. Traders should cut exposure or hedge, watch ETF flows and open interest, and use tight risk management. Long-term impact: if fundamental adoption (e.g., Hyperliquid prime brokerage support) persists but market-wide FUD continues, price may find eventual recovery support — however, recovery depends on restoration of positive sentiment and sustained inflows into ETFs and institutional channels.