XRP Extends Monthly Slide to 26%, Testing Critical Support Levels

The digital asset XRP has recorded a steep monthly pullback of 25.5%, recently slipping to the $1 threshold following a sharp rejection at the $1.55 resistance ceiling. Crypto chart analyst Ali Martinez noted that the token has retreated toward the lower boundary of its established trading channel, emphasizing that the $0.99 price point must hold to prevent a deeper correction toward $0.80.

Market observers suggest that ongoing weakness could drive prices even lower before any substantial recovery materializes. Independent trader CrediBULL Crypto indicated that the cryptocurrency might slide past $0.98 to enter an accumulation zone between $0.60 and $0.90. While a deeper pullback could pave the way for a more durable upward move later, current market momentum points toward continued near-term pressure.

Adding to the cautious sentiment, Ripple's former chief technology officer, David Schwartz, significantly trimmed his personal crypto portfolio. Schwartz reduced his XRP holdings by 88%—dropping from 26 million tokens to approximately 3 million—while also scaling back his Bitcoin and Ethereum positions due to a reduced tolerance for investment risk.

What to watch next: Investors should monitor whether the $0.99 support level holds against ongoing selling pressure or if the asset breaks lower toward the anticipated $0.60–$0.90 accumulation range.