"Could fall to $1"…XRP hits lowest level in 15 months

JOON HYOUNG LEE

Summary

XRP (XRP) has hit a 15-month low and is trading around $1.42, the report said.
CoinDesk said XRP’s rally cooled after President Trump’s election victory, and that the likelihood of a further drop to $1 is very high.
With put spreads and strangle (Strangle) trades standing out on Deribit, it said this reflects sentiment anticipating a sharp jump in price volatility across the broader market.

XRP’s price has hit a 15-month low.

According to CoinMarketCap on the 5th, XRP is trading around $1.42, down more than 10% from the previous day as of that day. It is the lowest level since November 2024, when Donald Trump was elected U.S. president.

XRP posted gains in the first half of last year, peaking around $3.6 in July. However, it has been in a downtrend since the second half of last year, with losses steepening so far this year. CoinDesk reported that "the initial response to President Trump’s election victory was positive, but (XRP’s) rally quickly lost momentum after pushing above $3.5," adding that "the likelihood of a further drop to $1 is very high."

Concerns are also growing about additional selling pressure. CoinDesk said, "On crypto derivatives exchange Deribit, demand for put spreads and strangle trades stood out over the past 24 hours," adding that "this is a strategy betting on greater price volatility, and is interpreted as reflecting broader market sentiment anticipating a sharp rise in volatility."

XRP