XRP Price Drops 2% as Analyst Warns of Drop Below $1

XRP price fell 2% in the past 24 hours to trade at $1.86 as of 2:53 a.m. EST amid a sell-off in the broader crypto market.

With this recent decline, the altcoin has brought its weekly performance back into the red zone, according to data from CoinMarketCap. watch. Additionally, the crypto has added to its losses over the past month. As such, the crypto is down over 15% in the long term.

This decline in the price of XRP is likely to continue, warns famous crypto analyst and trader Ali Martinez.

Analyst warns that XRP price could fall as low as $0.80

In a Dec. 29 X thread, Martinez said selling pressure for XRP continues.

If selling pressure persists, $XRP risks losing support at $1.77.

A breakdown opens the door to the next major support area near $0.80.

– Ali Charts (@alicharts) December 29, 2025

He also noted that the number of daily active addresses on the blockchain has fallen to around 38,500, which Martinez said is a sign of “declining participation and interest.”

Meanwhile, large investors known as whales have turned into sellers, the analyst said. He said these investors have dumped more than 40 million XRP tokens in recent days.

He then warned that XRP price was at risk of losing the $1.77 support. If this happens, he said the next major support zone for the altcoin would be around $0.80.

Galaxy’s Mike Novogratz Questions Relevance of XRP and ADA

The waning interest in XRP comes around the same time that Galaxy’s Mike Novogratz questioned the relevance of the altcoin and Cardano’s ADA.

In a interview Along with Alex Thorn, head of research at Galaxy, Novogratz argued that XRP and ADA have yet to prove that they are useful in the real world and that they are not just popular tokens with loyal communities.

XRP supporters responded by highlighting Ripple’s payment systems. However, Novogratz’s argument is not that these payment systems have no use today, but rather that projects will be left behind if they don’t move from “interesting experiments” to boring “everyday infrastructure” that people and businesses rely on.

Technical data is bearish as XRP falls out of sideways channel

XRP’s daily chart supports Martinez’s bearish outlook for the altcoin.

Daily chart for XRP/USDT (Source: GeckoTerminal)

Over the past 48 hours, the crypto has fallen below the lower boundary of a medium-term consolidation channel between $1.8283 and $1.8866. This puts the price of XRP at downside risk.

Additionally, technical indicators such as short-term exponential moving averages (EMA), relative strength index (RSI), and moving average convergence divergence (MACD) all show that sellers have the upper hand over buyers.

The shorter 9 EMA recently crossed below the 20 EMA, signaling that short-term momentum has shifted from bullish to bearish. Additionally, the two EMAs also act as dynamic resistance levels that push the price of XRP lower.

Meanwhile, the MACD line has moved below the MACD Signal line, which is a classic bearish technical flag. Since the two lines crossed, the MACD line has continued to move below the MACD signal line. Traders could see this as an indication of accelerating bearish momentum.

Sellers also have a strength advantage, as suggested by the RSI reading below the neutral 50 mark.

Unless XRP price can reclaim support from the $1.8283 level, the crypto remains exposed to further downside risk in the near term.

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