Ripple Price Drops Below $1.50 as Bulls Struggle to Regain Momentum

Ripple's price has fallen below $1.50 as bulls struggle to regain momentum in the market.

The correction from September highs of $1.66 aligns with recent struggles faced by major assets Bitcoin and Ethereum.

A sustained recovery above $1.50 would boost XRP's short-term bullish outlook, but it is too early to rule out deeper losses below $1.48, the first psychological support.

The lack of appetite for US-listed XRP spot Exchange-Traded Funds (ETFs) has cooled after five consecutive days of inflows, with cumulative inflows near a record $1.8 billion and net assets at $1.7 billion.