Mrhayat03

XRP has fallen to $1.44, its lowest level since November 2024, as bitcoin’s decline fuels broader risk aversion in the crypto market.

What to know:
XRP has fallen to $1.44, its lowest level since November 2024, as bitcoin’s decline fuels broader risk aversion in the crypto market.The token has broken below key support around $1.60, a former demand zone from April’s sell-off, leaving limited technical support until the psychologically important $1.00 level.Options activity on Deribit shows rising demand for downside protection.
Payments-focused cryptocurrency XRP is tanking fast as bitcoin's price slide leads to broad-based risk aversion in the crypto market.
XRP has slipped to $1.44, the lowest since November 2024 – the same month President Donald Trump won the U.S. election. Trump campaigned on pro-crypto policies to foster a favorable regulatory environment for digital assets. XRP is used by fintech firm Ripple to facilitate cross-border transactions.
While the initial reaction to Trump's election win was bullish, the uptrend quickly slowed above $3.50 and eventually peaked at $3.65 in July last year. Since then, XRP has been in a downtrend that has gathered pace in recent weeks.
Support break
The concerning part for bulls is that it now trades firmly below $1.60, a level where buyers stepped in during the April sell-off, arresting the slide at the time. This so-called support was the prominent demand zone, and the break below the same indicates that sellers are now in control.

Now, a clear air pocket looms right down to $1.00, as charts reveal scant historical support or trading volume between the current price of $1.44 and the psychological floor.
Bearish bets
And traders look to be prepping for a deeper sell-off. Block flows on leading crypto options exchange Deribit featured demand for put spreads, a bearish strategy, and strangles, a bet on volatility boom, in the past 24 hours.

Options are derivative contracts that give the purchaser the right, but not the obligation, to purchase or sell the underlying asset at a predetermined price at a later date. A put option gives the right to sell and represents a bearish bet on the market, while a call option represents a bullish bet.

ارتفعت الأسهم الآسيوية بينما ظل الدولار تحت الضغط، مما منح العملات المشفرة قاعدة أكثر استقرارًا بعد أسبوع متقلب.
ما يجب معرفته:
بيتكوين يتداول تحت 90,000 دولار بعد عمليات بيع مدفوعة بالتصفية، ويكافح لاستعادة الزخم على الرغم من الأسواق العالمية الأكثر هدوءًا.
ارتفعت الأسهم الآسيوية وأسهم الأسواق الناشئة إلى مستويات قياسية مع ضعف الدولار، لكن العملات المشفرة الكبرى تستمر في التراجع وتبقى منخفضة بشكل حاد على مدار الأسبوع الماضي.
يقول المتداولون إن العملات المشفرة لا تزال تتصرف كلعبة ذات تقلبات عالية على مشاعر المخاطر العامة بدلاً من كونها أصول دفاعية، مما يترك بيتكوين في نمط احتفاظ بينما ينتظر المستثمرون إشارات أوضح من الأسهم والسياسة وظروف التمويل.