XRP’s price has been trading near the $1 psychological level, falling from $1.32 to $1.15 on the 4‑hour chart. The decline broke a key support level at $1.24 and coincided with a broader market sell‑off.
Social sentiment decline
According to Santiment data, XRP’s social sentiment reached its lowest reading since July, with a negative sentiment score of 5.8435 and a positive‑to‑negative ratio of 0.65426, indicating bearish dominance. The overall crypto market sentiment also moved into fear territory, with the Fear and Greed Index at 32.
Market impact
CoinGlass reported that the breach of $1.24 triggered long liquidations and stop‑loss orders totaling more than $10.23 million. Open interest fell from $3.78 billion to $2.77 billion. XRP ETF activity this month showed only one day of outflows, with the remaining days inactive, according to TradingView data.
Potential support
Despite the drop, buying volume exceeded selling volume, suggesting reduced selling pressure. Analysts note that $1.15 was the last lower high before a prior market‑structure shift that turned bullish, and a further decline could test the next demand zone around $0.98.
Company outlook
Ripple CEO Brad Garlinghouse reiterated that XRP and the XRP Ledger remain the company’s “North Star,” emphasizing their core role despite discussions about the Ripple USD (RLUSD) stablecoin competing with other stablecoins.
Summary
XRP’s social sentiment fell to a four‑month low as the token slipped below $1.24, triggering significant liquidations and a decline in open interest. Optimism persists among some investors due to Garlinghouse’s comments about XRP’s strategic importance.
