Mrhayat03

XRP has fallen to $1.44, its lowest level since November 2024, as bitcoin’s decline fuels broader risk aversion in the crypto market.

What to know:
XRP has fallen to $1.44, its lowest level since November 2024, as bitcoin’s decline fuels broader risk aversion in the crypto market.The token has broken below key support around $1.60, a former demand zone from April’s sell-off, leaving limited technical support until the psychologically important $1.00 level.Options activity on Deribit shows rising demand for downside protection.
Payments-focused cryptocurrency XRP is tanking fast as bitcoin's price slide leads to broad-based risk aversion in the crypto market.
XRP has slipped to $1.44, the lowest since November 2024 – the same month President Donald Trump won the U.S. election. Trump campaigned on pro-crypto policies to foster a favorable regulatory environment for digital assets. XRP is used by fintech firm Ripple to facilitate cross-border transactions.
While the initial reaction to Trump's election win was bullish, the uptrend quickly slowed above $3.50 and eventually peaked at $3.65 in July last year. Since then, XRP has been in a downtrend that has gathered pace in recent weeks.
Support break
The concerning part for bulls is that it now trades firmly below $1.60, a level where buyers stepped in during the April sell-off, arresting the slide at the time. This so-called support was the prominent demand zone, and the break below the same indicates that sellers are now in control.

Now, a clear air pocket looms right down to $1.00, as charts reveal scant historical support or trading volume between the current price of $1.44 and the psychological floor.
Bearish bets
And traders look to be prepping for a deeper sell-off. Block flows on leading crypto options exchange Deribit featured demand for put spreads, a bearish strategy, and strangles, a bet on volatility boom, in the past 24 hours.

Options are derivative contracts that give the purchaser the right, but not the obligation, to purchase or sell the underlying asset at a predetermined price at a later date. A put option gives the right to sell and represents a bearish bet on the market, while a call option represents a bullish bet.

Asian equities pushed higher and the dollar stayed under pressure, giving crypto a firmer footing after a volatile week.
What to know:
Bitcoin is trading just below $90,000 after a liquidation-driven sell-off, struggling to regain momentum despite calmer global markets.Asian equities and emerging-market stocks have climbed to record highs as the dollar weakens, but major cryptocurrencies continue to lag and remain sharply lower over the past week.Traders say crypto is still behaving as a high-volatility play on broader risk sentiment rather than a defensive asset, leaving bitcoin in a holding pattern as investors await clearer signals from equities, policy and funding conditions.
Bitcoin
BTC $BTC hovered just below the $90,000 mark during Asian trading hours on Friday as gains in regional equities and a weaker U.S. dollar failed to translate into sustained upside for crypto after a volatile week.
The largest cryptocurrency traded around $89,800, little changed on the session, but remained under pressure after struggling to build momentum following this week’s liquidation-driven selloff.
While Asian stock markets climbed to record highs and investors continued rotating toward non-U.S. assets, crypto prices lagged, signaling a more cautious tone toward higher-volatility trades.

Asian equities pushed higher, with the MSCI Asia Pacific Index rising to a fresh record and emerging-market stocks extending gains. U.S. equity futures pointed modestly higher ahead of the New York open, though the advance was smaller than that seen across Asia.

The dollar stayed soft after its sharp slide earlier in the week, supporting commodities and keeping gold near $5,000 an ounce.

That macro backdrop has steadied broader risk sentiment, but crypto’s response has been muted. Bitcoin briefly dipped below $98,000 earlier in the week amid more than $1 billion in forced liquidations. Since then, prices have consolidated rather than rebounded decisively.

Ether slipped toward $2,970, while major tokens including solana, cardano and XRP edged lower on the day, according to CoinGecko data. Most large-cap tokens remain down between 7% and 12% over the past week, showing how fragile sentiment remains despite calmer conditions in equities and currencies.

Market participants continue to frame crypto as a high-beta extension of global risk appetite, reacting more to shifts in the dollar, bonds and equity markets than to crypto-specific developments.
“Crypto is still trading as a volatility amplifier rather than a defensive asset,” said Wenny Cai, chief operating officer at Synfutures. “The liquidation flush cleared excess leverage, but uncertainty around policy, funding costs and regulation is keeping investors selective rather than aggressive.”
The weaker dollar has historically provided some support for bitcoin, but the relationship has been inconsistent, particularly when investors favor assets with clearer cash flows or yield. For now, crypto appears stuck in a holding pattern.
As the U.S. session approaches, traders will be watching whether strength in equities and emerging markets pulls crypto higher, or if bitcoin remains pinned below $90,000 while confidence rebuilds slowly after a mixed start to the year.