Ripple Price Forecast: Will XRP test $1.00 support as the sell-off continues?

• Relentless selling across the crypto market drags XRP below $1.10.
• Demand from institutions and retail investors stays weak as XRP spot ETFs see outflows and futures Open Interest declines.
• A negative MACD histogram and an oversold RSI accompany intensifying bearish pressure on XRP.

Selling pressure continues to weigh on Ripple (XRP), which has slipped below $1.00 at the time of writing on Tuesday. With declining technical indicators limiting the token’s upside, the downside remains firmly the path of least resistance. 

Risk aversion linked to macroeconomic uncertainty and other factors has kept the broader crypto market under pressure for a sixth consecutive day. XRP reflects that weakness, while Bitcoin (BTC) has dropped below $75,000.

Attention now turns to the United States (US) Consumer Price Index (CPI) report due later on Tuesday. The Federal Reserve (Fed) uses this inflation measure to guide the direction of monetary policy.

Can XRP find support as ETF and retail demand weaken? 

Monday’s $10 million outflow from XRP spot Exchange-Traded Funds (ETFs) reinforced the risk-off mood, following four consecutive days of subdued activity from Tuesday last week. Weak demand for XRP digital investment products leaves the token without a cushion against headwinds, increasing the likelihood of a prolonged downtrend.

Even so, cumulative inflows total $1.8 billion, while net assets under management stand at $1.24. These figures suggest that long-term investor interest in the underlying token remains positive. 

Activity in derivatives is also largely muted. On Tuesday, perpetual futures Open Interest (OI) stood at 2.24 billion XRP, only marginally below the previous day’s 2.26 billion XRP. CoinGlass data show that OI also remains below the November highs of 2.35 billion XRP and September’s 2.46 billion. Persistently weak retail demand could make a price recovery difficult, while increasing the likelihood of further selling towards the critical $1.00 zone.

Technical analysis: Could XRP face a deeper decline?

At $1.08, XRP retains a bearish near-term bias, trading well beneath its key Exponential Moving Averages (EMAs) and a descending resistance trendline. Overhead, the 50-day EMA and 100-day EMA both stand at $1.30, while the 200-day EMA is at $1.35. These levels indicate firm resistance from medium- and longer-term supply. The SuperTrend indicator at $1.26 further suggests that rallies remain corrective moves within the broader downtrend.

Bearish momentum appears stretched, but a convincing reversal signal has yet to emerge: the Relative Strength Index (RSI) has fallen to around 25, placing it in oversold territory, while the Moving Average Convergence Divergence (MACD) histogram remains negative.

The SuperTrend line near $1.26 presents the first resistance level. Beyond it, the band between the 50-day EMA at $1.29 and the descending resistance trendline’s breakout price near $1.30 forms the first major obstacle to a rebound. Higher still, the 100-day EMA at $1.30 and the 200-day EMA at $1.35 mark a wider supply zone. XRP would need to regain this zone to weaken the prevailing bearish structure.

Further losses remain a risk while the price stays below this cluster of resistance levels, particularly as the daily chart shows no clear support nearby.

(The technical analysis of this story was written with the help of an AI tool. Learn more.)