XRP Price Plummets Amid Ongoing Technical Headwinds

XRP's price continues to slide after rejecting the $1.60 mark earlier this month. According to a recent analysis, the cryptocurrency is currently facing significant technical headwinds and may be heading for further declines.

The price has dropped below $1.40, erasing over 60% of its value since July 2025. A crypto analyst has pointed out that the current rejection at $1.60 was not just a failed rally but a warning sign that downside pressure is still in control.

As XRP approaches the lower trendline of a larger falling channel, analysts are cautioning against further price drops. The area between $1.34 and $1.36 has been identified as a critical support level, with any clean loss likely to shift focus to $1.20 almost immediately.