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Ahmed Barakat
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Ripple XRP is trading at $ 1.16, down almost 10% in the last seven days, after a fall of many months that arrived, sadly, on the day of the 14th birthday.
The drop briefly sent XRP below $1.20, a level that has not been established since the early February selloff, and the overall story is worse than the headline suggests.
Several support units are now disabledand the way the market is heading this week offers little comfort to those who are still down.
On June 2, 2012, Ripple co-founder Arthur Britto released the lines of code that created 100 billion XRP tokens, the beginning of the universe.
Thirteen years later, the stock was down to $1.20, about $30 million in lost sales, and the market fell from a high of $85 billion to a low of $75 billion in a matter of days.
The humiliation didn’t stop there: USDC has now surpassed XRP as the fifth fastest growing cryptocurrency by market value on CoinGecko.
The growing altcoin market does not present any problems. Risk-on sentiment is high, and XRP’s repeated failure to break the $1.50–$1.60 resistance band, which was recently rejected at $1.55 in mid-May, has left the chart vulnerable as sellers retrace their steps.
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Will Ripple XRP Retrace the $1.40 Support or Will It Fall Deeper Below $1.00 Next?
XRP is sitting at $1.152 on the daily chart, and the price is now testing the February low, which was the most important support for the entire chart.
That month of February to $ 1.10 to $ 1.12 is the last place, and XRP has been on top of it after a good sale for 3 weeks that has completely ended the March to May recovery from top to bottom.
The 4-month building base between $1.20 and $1.60 has been completely erased after a few weeks, which is a major structural problem and tells you that the current situation was not as strong as the chart said at the time.
A daily close below $1.10 puts XRP in uncharted territory at the moment, with no support below, and the next point should come from the long-term charts back to the 2024 lows.
On the other hand, $1.30 is the first level that needs to be returned to start talking about recovery, and above that, $1.50 is the middle level that will need to move before any strong story can be rebuilt.
The only good thing is that the price is at a very low point and the sales have been big and fast, which sometimes can bring down the relief before going further down.
But the system has been broken, the foundation has failed, and until $1.10 proves that it can hold daily, the chart has more risk than it can at the moment.
Here’s Why Smart Money Is Changing Projects Like Bitcoin Hyper
When an established altcoin loses 9% for the week, turns every important level from support to resistance, and gives its top 5 performance to a stablecoin, that is not noise. It’s a signposting market.
Medium-sized altcoins that have a lot of previous assets entered the early stages when the price was not yet traded. Bitcoin Hyper he has been straight in that direction.
The project is already trading at $0.0136811 and $32.8 million has already been raised. That number shows real conviction. The main point is worth paying attention to: Bitcoin Hyper Coin only as the first Bitcoin Layer 2 with full integration of the Solana Virtual Machine, promise The second conclusion is the success of the partnership that surpasses Solana itself in being committed to the security of Bitcoin.
Decentralized Canonical Bridge manages BTC transfers across chains. The cheapest combination and the highest APY round of savings.
This is where great wealth begins to accumulate quickly. Before the drug is confirmed. The front of the market cap shows what is being built.
