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Ripple's crash continues to not stop. XRP is currently hovering around $1.42, and it seems to have dropped further in recent days. The ongoing sell-off linked to Bitcoin falling into the 77.6K range is probably still happening.
Last week, the inflow into spot ETFs also exceeded $19 million, but it's concerning that it hasn't supported buying pressure. Open interest is also decreasing, indicating that retail traders' interest is waning. Ripple has experienced significant adjustments over the past month.
From a technical perspective, the $1.50 level should be an important support. Analysts say that if this level is broken, the price could drop to the $1.25 range. Conversely, if it rebounds, it might break past $1.59 and aim for $2. However, with macro caution persisting, downward pressure still seems strong. Bitcoin and Ethereum are also in a correction phase, so whether the overall bearish trend can be broken will be key.