XRP price is struggling to regain balance after a sharp sell-off that mirrored the broader crypto market’s turbulence. Over $640 million in leveraged positions were wiped out in 24 hours, turning a typical weekend correction into a cascading liquidation event. Bitcoin’s plunge below $86,000 triggered panic across altcoins, and XRP was no exception — dropping about 4% in the latest session to trade around $2.09. The question now is whether XRP’s decline is nearing exhaustion or just beginning another leg down.
XRP Price Prediction: Price Fights the Midline of Bollinger Bands
The daily chart shows XRP price trading below the 20-day moving average (blue line) and clinging to the mid-zone of the Bollinger Bands. This setup typically signals ongoing bearish control, especially when candles close beneath the middle band. The recent rejection near $2.18 suggests the bulls are struggling to flip that level into support.
The Bollinger Bands are moderately contracted, indicating that volatility might compress before another directional move. A close below $2.04 — the lower range of recent consolidation — could invite deeper selling pressure, pushing XRP price toward $1.85 or even $1.65, where the next Fibonacci retracement supports align. Conversely, reclaiming $2.20 could signal the start of a short-term rebound toward $2.40, but momentum indicators still favor the bears.
Macro Headwinds: Rising Yields and Risk-Off Sentiment
Outside the charts, macro signals continue to weigh on crypto sentiment. Japan’s 10-year bond yield climbing to 1.84% — its highest since 2008 — hints at a global shift in liquidity preferences. Investors are moving back into traditional assets like gold, which gained 0.58% while Bitcoin and altcoins suffered broad losses. The strong correlation between crypto and the Nasdaq (0.83 on a 7-day basis) also means that any equity pullback could further drag XRP and other risk assets down.
Derivative Market Stress: High Leverage Magnifies Losses
Liquidations are another red flag. With open interest hovering around $771 billion, the market remains dangerously over-leveraged. This setup amplifies volatility — even minor dips can trigger forced selling, as seen during the recent cascade. XRP, being a high-beta altcoin, often bears the brunt of these liquidations, exaggerating its price swings.
XRP Price Prediction: Cautious Short-Term, Opportunity Mid-Term
Technically and sentiment-wise, XRP price still faces downside risk in the near term. A decisive breakdown below $2.00 could accelerate losses toward $1.80. Yet, with RSI approaching oversold levels and the broader market showing signs of exhaustion, a relief rally isn’t off the table. Medium-term investors may look for accumulation zones between $1.65 and $1.85 if Bitcoin stabilizes above $85K.
In short, while XRP may see more pain before recovery, panic selling is already showing signs of cooling. Whether the coin rebounds or continues sliding will depend heavily on Bitcoin’s ability to reclaim lost ground — and on whether macro risks ease before December’s key Fed decision.