XRP Slides to $1.38 on Macro Headwinds, Squeeze Risk Appetite
Ripple (XRP) price dropped by about 3% to $1.38 on Monday, underperforming a broadly weaker crypto market amid a macro risk-off sell-off.
The move shows XRP acting with high beta to Bitcoin amid rising Treasury volatility and oil prices. XRP fell alongside Bitcoin (-1.5%) and the total crypto market cap (-1.67%), indicating a beta-driven move.
The sell-off was fueled by surging oil prices above $110, a spike in U.S. Treasury volatility, and a weakening Japanese yen, which collectively tightened global liquidity and reduced appetite for speculative assets like crypto.
XRP’s price is highly sensitive to traditional market risk sentiment. No coin-specific negative news was needed for this decline. The U.S. 10-year Treasury yield and any intervention from the Bank of Japan, which could further impact liquidity.
Technically, XRP broke below its pivot point at $1.40 and is testing the 78.6% Fibonacci retracement level at $1.39. The 87% surge in 24-hour volume confirms selling pressure.
XRP is underperforming in a risk-averse environment, and the breakdown suggests near-term bearish momentum. A reclaim of the $1.40–$1.43 zone would signal a potential recovery.
The immediate trend is bearish, with XRP testing crucial support. The key swing low from the recent range is $1.35.If XRP holds above $1.35, it may attempt to consolidate between $1.35 and $1.43.
A decisive break below $1.35 could trigger a sharper decline toward the $1.30 psychological level. The market’s next major directional cues will come from the Fed meeting minutes. The path of least resistance is down until macro fears subside or XRP reclaims higher technical ground.
Price reaction to the $1.35 level and any hawkish tones in the Fed minutes could extend the sell-off. U.S. regulators issued a binding joint interpretative release that explicitly classifies XRP as a digital commodity alongside Bitcoin and Ethereum.
This formal taxonomy concludes the SEC’s lawsuit, which was settled in 2025 with a $125 million penalty, and shifts oversight to the CFTC.
This is decisively bullish for XRP because it removes the primary regulatory overhang that has hindered U.S. institutional adoption for years. The clarity paves the way for sustained ETF growth and integration into regulated financial products. Rand Loses Momentum as Unemployment Rises, Dollar Rally
