The post XRP Price News Today appeared first on Coinpedia Fintech News XRP’s price is currently down by more than 9%, trading at $1.78 at press time. This downturn aligns with the broader market’s struggles, where major cryptocurrencies are also facing declines due to ongoing tensions in the US-China trade war . Yesterday, Ripple made headlines by acquiring a prime broker, a move viewed positively for the project. However, short-term price movements for XRP are still heavily influenced by Bitcoin’s performance, and, by extension, the stock market. Despite a slight bounce toward the end of the stock market session, the broader market was bearish, which had a direct impact on XRP’s price action . XRP’s Struggles with Key Levels XRP failed to reclaim the crucial $1.95 to $2 level, which remains a significant resistance zone. While it’s possible that XRP may eventually push past this level, it largely depends on Bitcoin’s performance, as XRP’s correlation with BTC remains strong at 85%. After yesterday’s rejection from $1.95, XRP dropped to a local support level around $1.75, where it has managed to hold steady, showing some volume support at this price point. Short-Term Retracement and Support Levels In the short term, XRP is retracing and approaching a key support level between $1.74 and $1.75. While it’s possible to see a bounce from this support zone, the overall trend remains bearish as lower highs and lower lows continue to form within a descending parallel channel. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Peter Schiff Warns of “1987-Style Crash” as US Treasury Yields Soar and Markets Panic , Over the past 24 hours, XRP faced rejection at a previous support level now acting as resistance. This shift from support to resistance is a clear bearish indicator, reinforcing the overall downward trend in price. Downside Price Targets for XRP The key downside targets for XRP include the $1.60 range and the $1.74-$1.75 support zone. Traders should watch these levels closely as potential points for further price action or reversals. .article_register_shortcode { padding: 18px 24px; border-radius: 8px; display: flex; align-items: center; margin: 6px 0 22px; border: 1px solid #0052CC4D; background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%); } .article_register_shortcode .media-body h5 { color: #000000; font-weight: 600; font-size: 20px; line-height: 22px; text-align:left; } .article_register_shortcode .media-body h5 span { color: #0052CC; } .article_register_shortcode .media-body p { font-weight: 400; font-size: 14px; line-height: 22px; color: #171717B2; margin-top: 4px; text-align:left; } .article_register_shortcode .media-body{ padding-right: 14px; } .article_register_shortcode .media-button a { float: right; } .article_register_shortcode .primary-button img{ vertical-align: middle; width: 20px; margin: 0; display: inline-block; } @media (min-width: 581px) and (max-width: 991px) { .article_register_shortcode .media-body p { margin-bottom: 0; } } @media (max-width: 580px) { .article_register_shortcode { display: block; padding: 20px; } .article_register_shortcode img { max-width: 50px; } .article_register_shortcode .media-body h5 { font-size: 16px; } .article_register_shortcode .media-body { margin-left: 0px; } .article_register_shortcode .media-body p { font-size: 13px; line-height: 20px; margin-top: 6px; margin-bottom: 14px; } .article_register_shortcode .media-button a { float: unset; } .article_register_shortcode .secondary-button { margin-bottom: 0; } } Never Miss a Beat in the Crypto World! 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XRP is down over 9% due to broader crypto market weakness tied to US-China trade tensions and Bitcoin’s poor performance. How is XRP correlated with Bitcoin? XRP has an 85% correlation with Bitcoin, meaning BTC price trends heavily influence XRP’s short-term movements.
