XRP Price Prediction: Ripple Token Dives 20% As Black Monday Fears Grip Markets, While Traders Pivot To This SOL Layer-2 ICO Headed For $30M
The XRP price has dived 20% in the last 24 hours to trade at $1.67 as of 3:30 a.m. EST on a 326% pump in trading volume to $9.34 billion, as black Monday fears grip markets. XRP Price Continues To Dump – Can Bulls Recover The Momentum? The XRP/USDT daily chart highlights a long consolidation phase, where the price ranged between approximately $0.55 and $0.75. This range acted as an accumulation zone, setting the stage for a significant breakout. In November 2024, XRP broke above the $0.75 level, triggering a parabolic rally that reached a high of nearly $3.85 by December. This bullish surge cleared substantial buyside liquidity, suggesting many short positions were liquidated in the process. However the price entered a well-defined bearish channel starting in early 2025, marked by a series of lower highs and lower lows, indicating a corrective phase rather than a full reversal. The descending channel has been active from around $3.50 down to the current price level near $1.69....