I noticed that XRP has dropped significantly over the past week, reaching its 9-month low. Now it’s trading around $1.43, and there are many warning signs showing that there’s still high risk of going lower. The price supports are at $1.38 and $1.02, but if those break, it could sink even further.

I took a look at the weekly chart and I really saw the problem. XRP is making lower highs, meaning sellers are still in control. There’s still potential for a bounce, but the market needs to be stable first. The thin liquidity across different sessions makes the situation even harder, especially if there are sudden moves.

The interesting part is that the bulls’ long-term thesis hasn’t disappeared yet. They’ve seen that XRP jumped through major resistance in the last cycle, and now it’s just in an accumulation phase. They identified a value area between $1.50 and $1.00 where buyers could enter once it stabilizes.

But realistically, the short-term momentum is weak. The recent candlestick structure shows fading attempts to bounce, not sharp V-shaped recoveries. This serves as a warning that demand isn’t ready to take the lead yet. A stronger structure is needed before a bullish turn can happen.

Good news, though: I saw in ETF flows that there have been $16.79 million in net inflows recently, which means some institutions are using the weakness to add exposure instead of exiting. But overall, the key is to see whether the weekly support levels hold. If they break, the bigger narrative will indeed fall apart.