The XRP price has moved from being one of the best cryptocurrencies in the fourth quarter to the highest level in 2025. Ripple decreased from $ 3.42 in January to $ 2.2 with most cryptocurrencies. This article explores whether the XRP price will be returned after obtaining decisive support at $ 1.96 last week.
XRP crashes despite the decisive good news
The ongoing XRP crash even though Ripple has seen some important good news.
First, the decrease in the price of XRP occurred, as the ritual ritual rituals jumped. All companies such as 21shares, Canary and Grayscale have applied to get XRP ETF after seeing their popularity rising in the past few months.
There is a possibility that the Securities and Stock Exchange Committee (SEC) will agree to the fund, a few months after it allowed the SPOT ETHEREUM Fund lists. XRP ETF will be positive, albeit in the short term, as it will lead to more flows.
Second, the XRP price is disrupted as the LEDGER XRP network sees some growth. It has started to witness more interest in developers in the past few months. Some of the upper icons on the LEDGER XRP network are Ripple USD (RLUSD), Sologenic, Crypto Trading Fund, Coreum and XRP Army.
The CTF code trading box has increased by almost 20 % in the past seven days, while the maximum RLUSD market jumped to $ 132 million. The daily trading volume is usually more than $ 100 million, a sign that it has more demand.
Third, there are increasing possibilities for SEC to finish litigation against Ripple Labs soon. It was resumed last year after Ripple won a partial victory. This case stems in a lawsuit in 2020 and accused SEC Ripple of selling unregistered securities.
The supervisory judge said that XRP was not safe, but the company’s practice of selling symbols to institutions was not correct. Ripple ordered a fine of $ 250 million, much less than two billion dollars wanted by the Supreme Education Council.
The increasing possibilities that SEC will reduce Ripple fees due to its recent decision to drop fees against other companies in the encryption industry such as Gemini, UISWAP and Coinbase.
Read more: Coinbase SEC says to drop an enforcement issue against encryption exchange
Why did you break the price of ripples?
Therefore, there are three main reasons behind the XRP price collapse despite the good news in its ecosystem. First, XRP decreased due to the constant softness in the encryption industry. Bitcoin and most Altcoins decreased this year, with the market decreased in the market for all coins to $ 2.7 trillion.
Second, Ripple was crashed due to the constant fear of the encryption industry. Fear and greed index moved to the 18 -year -old extremist area. Exploration investors often remain on side lines when there is a feeling of fear in the market.
Technical analysis of XRP price
The price of XRP also decreased for technical reasons. For example, the currency has moved from the coding phase of Wyckoff theory to the distribution stage. This stage is characterized by withdrawing the investor and paying and the lack of a clear direction.
In addition, the XRP has formed the graphic and shoulder style, a famous landmark in the market. This style consists of a head, shoulders, and neckline. I moved to less than 50 days moving average. Therefore, the XRP price is likely to continue as sellers target the level of decline by 61.8 % at $ 1.6215.
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