XRP’s Drastic Decline: Is It the Right Time to Buy?

Updated

November 6, 2025

Gambar XRP’s Drastic Decline: Is It the Right Time to Buy?

Jakarta, Pintu News – XRP, the token closely associated with Ripple, experienced a sharp 6% drop in Tuesday’s trading session. This drop came after the token broke the key support level of $2.08, with unusually high trading volumes.

The stronger bearish momentum is pushing traders to aim for the $2.00 psychological zone. This is influenced by the negative sentiment surrounding Bitcoin , which often has a domino effect on other crypto markets.

XRP and BTC

The decline in the value of XRP is inseparable from the influence of the ongoing decline in the price of Bitcoin (BTC). As the cryptocurrency with the largest market capitalization, fluctuations in Bitcoin (BTC) often have a direct impact on other crypto assets.

In addition, external factors such as the tight monetary policy of the United States central bank have also affected market sentiment. Crypto investors and traders are now increasingly cautious in making investment decisions, given the uncertainty that still surrounds the industry.

Also Read: Will Bitcoin (BTC) Experience a Sharp Drop Before Surging Again? Here’s the Analysis!

Price Action Summary

Before hitting a new low, XRP was hovering around $2.15. However, mounting selling pressure pushed the price down past the critical support limit of $2.08. If XRP is unable to maintain support at the $2.00 level, there is a possibility that the price will continue to fall.

Market analysts suggest that this could be an opportunity for buyers to enter at a lower price, but risks should still be carefully considered.

Technical Analysis

From a technical perspective, indicators such as the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) are showing strong bearish signals. The MACD, which measures market momentum, is below the signal line, signaling that selling pressure still dominates.

Meanwhile, the RSI, which measures the speed and change of price movements, is nearing the oversold zone. This could signal that the market may be approaching oversold conditions, which could trigger a price rebound if certain conditions are met.

What Traders Can Learn

In these volatile market conditions, it is important for traders to monitor critical support levels and prepare their strategies accordingly. Understanding the influence of Bitcoin (BTC) on the overall crypto market is also essential for making informed decisions. While XRP is currently under pressure, this could change quickly, depending on market dynamics and emerging global economic news.

Also Read: Dash price soars, hitting $100 after almost 4 years!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.