XRP Price Plunges Below $1.32, Down 6.3% in a Week

XRP Price Update

XRP has cracked through two support levels in quick succession, and with no established floor between here and its August low, the next few daily closes could set the tone for months to come.

Market Analysis

XRP has fallen below the critical $1.35 to $1.38 range that we previously identified. XRP is at $1.31, just shy of $1.32, which we previously marked as a key level if this range breaks.

Liquidation Events

Over the past 24 hours, XRP has dropped by 5.0%, and it’s down 6.3% over the last week. This decline is part of a larger trend affecting the entire cryptocurrency market. Nearly $1 billion in leveraged positions were liquidated as both Bitcoin (CRYPTO:BTC) and Ether (CRYPTO:ETH) saw significant drops alongside XRP.

Investor Interest

A small inflow of about $740,000 was recorded by XRP fund holders on October 14, making XRP the only of the four major coins to take in money during that session, according to SoSoValue.

Technical Outlook

The first level to watch was the $1.35 to $1.38 range, which XRP has now broken. Any potential rebound would require XRP to reclaim this range to pause the downward trend. Next, the critical level is $1.32, which has also been breached. Below that is $1.17, the low set in August 2026. No established support levels exist between $1.32 and $1.17, so a further drop below $1.32 could easily push XRP toward $1.17.