Ripple Token Grinds Lower After Explosive Price Movement
XRP has settled into a tight range after last week's explosive price movement. The token is currently trading at $1.43, and its path forward remains uncertain. A violent round trip saw XRP erase its most bearish technical signal, only to rip 46% in seven days and briefly push past a $91 billion market cap.
The Average Directional Index hit 44.8 during this run, confirming genuine trend strength rather than noise. However, the wall showed up soon after, with two straight down days followed by a pullback to current levels.
Despite extreme greed returning to crypto markets for the first time since 2024, XRP's pullback shows sentiment alone cannot override exhausted momentum. Short-term pivots place immediate support near $1.31, $1.30, with layered resistance stacking from $1.51 up to $1.62.
Zooming out, the structural floor near $1.00 remains the level that matters most, and a break below opens downside toward $0.96, $0.88.