Ripple’s former CTO David Schwartz pushed back on claims that the XRP price could reach $100 anytime soon. He said markets tend to price in realistic expectations and that if traders truly believed in extreme upside, XRP would trade far higher than it does now.
At around $1.66, the market clearly sees a $100 outcome as unlikely without major changes. This comment cooled hype but did not damage XRP’s broader outlook. XRP also just went through a sharp leverage flush during the wider crypto selloff.
Long positions were flushed, price dropped into support, and leverage cleared. Ripple continues expanding institutional services despite recent price weakness.
XRP Chart Analysis: What the Indicators Are Saying
On the 4H chart, XRP remains under pressure after weeks of lower highs and steady selling. Price now trades near the $1.65 area after failing to hold above $1.80, which has turned into a firm resistance zone.
Momentum indicators show stress but less downside force than earlier in the week. The Williams %R sits near oversold levels, showing sellers are stretched after the liquidation wave. This lines up with the recent drop that cleared a large amount of leveraged long exposure.
The CCI is still in negative territory but has stabilized, indicating diminishing selling pressure. This provides scope for a move sideways or a minor pop in the XRP price.
Funding rates have flipped negative, meaning short positions now dominate. When positioning becomes this one-sided, price often sees brief rebounds as traders take profits or get caught leaning the wrong way.
OBV continues trending lower, showing that spot buying remains limited. This keeps upside moves capped unless volume improves.
Read Also: SUI Price Outlook: Is SUI at the Stage Where Big Money Enters?
XRP Price Targets to Watch This Week
XRP needs to hold the $1.60–$1.62 zone to avoid further downside. This area stopped the recent drop and remains the main support.
On the upside, resistance sits between $1.75 and $1.80. This zone rejected the XRP price multiple times and will be difficult to reclaim. A break and hold above $1.80 would open the path toward $1.88–$1.95, where previous sell pressure remains heavy.
On the downside, a clean break below $1.60 would expose XRP to a move toward $1.50, with limited support in between.
Ripple’s XRP price is in a reset phase after heavy leverage was flushed from the system. Any upside this week likely stays corrective, not trend-changing. Price will hinge on whether buyers hold support or sell rallies.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
