XRP is at its lowest level since Trump's election victory.

The Decline of XRP and Its Impact on the Crypto Market

XRP has recently fallen to $1.44, marking its lowest level since November 2024. This decline, coupled with a decrease in Bitcoin prices, has triggered a broader risk-aversion trend in the cryptocurrency market.

XRP has dropped below the previous demand zone at $1.60, breaking an important support line. For investors, the current technical support is limited to the psychologically significant $1.00 level.

Meanwhile, options activity on Deribit indicates an increase in demand for downside protection. This suggests that market participants are adopting a cautious approach.