XRP Price Falls Below Key Averages Amid Fears of Further Downside

The price of XRP has fallen to $1.01, placing it below all major moving averages, including the EMA20 ($1.04), EMA50 ($1.09), and EMA200 ($1.35).

This bearish trend is confirmed across every timeframe, with no signs of reversal in sight.

The Fear & Greed Index has reached a score of 29, indicating a fearful market sentiment, while the total crypto market capitalization has decreased by 0.92% in the past 24 hours.

The immediate support level for XRP is at $1.00, with the lower Bollinger Band sitting at $0.99. A break below these levels could accelerate selling and lead to further price declines.