XRP Plummets to Lowest Since Trump’s 2024 Election Win: What Lies Ahead?
In a sharp downturn for the cryptocurrency market, XRP has fallen to $1.44, marking its lowest price point since November 2024 — the same month former President Donald Trump secured his U.S. election victory. The recent slump, fueled by bitcoin’s continuing decline, signals intensified risk aversion across major digital assets.
XRP’s Decline and Market Context
XRP, a payments-focused cryptocurrency developed by fintech company Ripple to facilitate cross-border transactions, has broken below a critical support level at around $1.60. This threshold had previously acted as a demand zone during the April sell-off last year, helping to stabilize the token’s price temporarily. However, with XRP now trading well below that level, bearish sentiment appears to be firmly in control.
The fall is notable given that initial market response to Trump’s pro-crypto campaign was optimistic. XRP’s price climbed to a peak near $3.65 in July 2025, propelled by hopes of favorable regulatory changes under his administration. Since then, however, XRP has been in a steady decline, with the recent price action accelerating its downward trajectory.
Technical Outlook and Support Levels
Technical charts reveal an “air pocket” between the current price of $1.44 and the psychologically significant $1.00 level. There is scant historical support or trading volume backing the price within this range, which leaves XRP vulnerable to further declines if sellers continue to dominate.
Options Market Signals Bearish Sentiment
Derivatives markets corroborate the bearish outlook. Data from Deribit, one of the leading crypto options exchanges, shows accelerating demand for downside protection. Traders have increasingly been purchasing put spreads — options strategies that profit if the underlying asset falls — along with strangles that bet on heightened volatility.
These activity patterns suggest the market is bracing for possible deeper sell-offs in XRP, reflecting widespread caution among investors amid ongoing crypto price pressures led by bitcoin’s volatility.
Broader Crypto Market Impact
Bitcoin’s decline has broadly impacted crypto valuations, intensifying risk-off sentiment globally. As the flagship cryptocurrency struggles, tokens like XRP that depend on overall market momentum have also suffered steep losses.
At present, XRP’s price slide raises concerns for traders and investors who had pinned hopes on the token’s resilience in a shifting regulatory and market environment. Should XRP approach the $1.00 mark, market watchers will keenly observe whether strong demand re-emerges to halt the downtrend or if the token sees further erosion.
Conclusion
XRP’s crash to $1.44 — a level unseen since the backdrop of Trump’s 2024 election — highlights the challenges faced by cryptocurrencies amid fluctuating macro conditions and technical vulnerabilities. With limited immediate support below current prices, the road ahead may hold significant volatility and potential downside risks. Investors are advised to monitor broader crypto market movements, regulatory developments, and options market cues closely to gauge XRP’s next trajectory.
As always, caution and prudent risk management remain paramount in navigating the volatile crypto landscape.