The XRP price crashed to the lowest level since April last year as the crypto market plunged and liquidations accelerated.
Summary
- XRP price crashed to its lowest level since April last year.
- It has formed a hammer candlestick pattern, a common bullish reversal sign.
- The coin will likely have a short-term rebound in the near term.
Ripple (XRP) token dropped to a low of $1.5000, down by 55% from its highest point in 2025, a plunge that has cost investors billions of dollars.
The token crash coincided with the ongoing crypto market crash that has affected the market. Bitcoin dropped below the key support level at $80,000, while most tokens have now plunged by over 50% from their all-time highs.
XRP has crashed as many investors have started selling, and buyers have remained on the sidelines. The same is happening in the ETF market, where the spot XRP funds shed over $52 million last week and $40 million a week before that. These funds have now had over $1.18 billion in cumulative inflows.
XRP price also crashed as liquidations jumped. Data compiled by CoinGlass shows that the total liquidations in the crypto industry jumped by 357% in the last 24 hours to over $2.58 billion.
Ethereum liquidations jumped to over $1.15 billion, while Bitcoin positions worth $785 million were wiped out. XRP positions worth over $61 million were liquidated in the last 24 hours.
XRP price also crashed as investors remained highly fearful. Data shows that the Crypto Fear and Greed Index crashed to the extreme fear zone of 18. In most cases, cryptocurrencies normally drop when there is robust fear in the industry.
XRP price technical analysis
The daily timeframe chart shows that the XRP price has crashed in the past few months, moving from a high of $3.6622 in July last year to a low of $1.500.
It crashed below the important support level at $1.7920, its lowest level in October, November, and December last year. A drop below that level is a sign the bears have prevailed.
The token remains below all moving averages and the Supertrend indicator. On the positive side, it has formed a hammer candlestick pattern, which consists of a long lower shadow and a small body.
A hammer is a common bullish reversal sign. Therefore, the Ripple price will likely resume the uptrend and potentially reach a high of $1.7920, up by 9% above the current level.
Such a rebound will be a break-and-retest pattern, which is a common bearish continuation sign. A complete rebound will be confirmed if it moves above the 50-day moving average and the Supertrend indicator.
