Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 30+ AI models, with 0% extra fees
Recently, I noticed that XRP is experiencing quite tense conditions in the market. The recent crash of XRP caused the price to reach around $1.41, and it seems that selling pressure is still quite strong. Last week, the price was higher, but now it has fallen quite sharply as the entire crypto market is weakening.
In fact, Bitcoin also dropped to $77.67K, Ethereum down to $2.31K, and BNB and Solana also plummeted accordingly. I see that the inflow of funds into XRP ETF funds has increased slightly, but it’s not enough to prevent this crash. The open interest in XRP futures trading volume has also decreased significantly, indicating that traders are quite cautious.
Experts are saying that the $1.50 region is an important support level, but if it breaks, the price could continue down to $1.25. Conversely, if it recovers, $1.59 will be the next target towards $2.00. However, with the current market sentiment, a continued XRP crash seems to be a more likely scenario. Personally, I am watching to see if there are any recovery signals in the coming days.