XRP has fallen below the $1 mark for the first time in nearly two years, placing pressure on a critical technical level that traders have monitored closely. Edo Farina, a well-known cryptocurrency analyst and director of Alpha Lions Academy, highlighted that the breach of $1.05 represents a significant technical development for the digital asset.
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AAPLXRP loses key support at $1.05
Farina, speaking in a recent video recorded from Cyprus, described $1 as a psychological threshold, but emphasized that $1.05 had played a more crucial role as a structural support in XRP’s price chart. With this level now lost, Farina suggested that XRP may face a continued decline toward the next area of interest between $0.70 and $0.72.
Despite this bearish signal, Farina said he has placed “massive buy orders” below $1, although he did not disclose the size or specifics of those orders. He argued that, for long-term holders, small differences in entry prices—whether at $0.70, $1, or higher—might have little impact over a two-year investment horizon.
Farina explained that while $1 is significant to many investors, the $1.05 mark had actually been holding the structure together. With that area now broken, he highlighted the risk of a move down to $0.70–$0.72 but reassured long-term holders about the potential for substantial recovery over the next 24 months.
Farina encouraged investors not to focus on short-term volatility or panic at the latest drop. Instead, he recommended a dollar-cost averaging strategy, especially for those who bought XRP at much higher prices, such as $2 or $3, and remain concerned by recent swings.
Additionally, Farina advised retail traders to avoid using leverage in current market conditions. He warned that leveraged traders could become “exit liquidity” during periods of high volatility when price-sensitive news causes the majority of positions to align in one direction.
| Level | Status |
|---|---|
| $1.05 | Lost (previous key support) |
| $1.00 | Broke below (psychological level) |
| $0.70–$0.72 | Next major support zone |
Clarity Act’s impact on XRP adoption questioned
Farina addressed ongoing speculation that the proposed Clarity Act in the United States would spark a major price rally for XRP. He argued that while the legislation could be beneficial, it is unlikely to be a decisive factor for the digital asset’s broader institutional adoption.
According to Farina, market makers could use the news of the Clarity Act’s passage as an opportunity to sell into an initial surge, rather than supporting a sustained rally. He maintained that the fundamental strengths of XRP do not rely on the legislation’s outcome, citing the XRP Ledger’s permissionless design.
The analyst also noted that Ripple’s XRP holdings do not grant the company direct control over the network, as changes require approval from at least 80% of validators.
In the video, Farina stated that Russia’s central bank had tested the XRP Ledger and mentioned Ukraine’s CBDC development efforts on the Stellar network as examples of global experimentation with cross-border liquidity assets such as XRP and XLM.
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Farina asserted that “XRP does not need the Clarity Act fundamentally,” pointing to the network’s decentralized validator structure and the lack of control by Ripple as key factors supporting its resilience and importance in the global payment landscape.
