XRP Crashes Below $65B Market Cap, Bulls Must Defend Critical Support at $1

XRP's price has declined by approximately 45% year-to-date, pushing its market capitalization below $65 billion and leaving it ranked sixth among the largest cryptocurrencies.

The current correction is testing a critical technical zone near $1, which bulls must defend to avoid a deeper decline. If they fail, XRP could fall toward $0.80 before exposing the $0.60 area.

A breakout above the upper trendline of the descending triangle would signal that the prolonged downtrend is losing strength and potentially lead to a move toward $1.35 or even $1.54, where Fibonacci resistance becomes relevant.