XRP has extended its recent losses, with the token dropping to around $1.03 following a 22% decline over the past 26 days. Crypto commentator Austin Hilton has issued a warning that the downward trend may not be over, highlighting several factors keeping pressure on the asset.
XRP sees steeper losses than major competitors
While the broader crypto market faces headwinds, XRP has recorded larger losses than many of its peers. Bitcoin has retreated toward the high $60,000 range and Ethereum has slipped by 5.6%. However, XRP has absorbed heavier selling as risk appetite sours in the digital asset space.
Hilton described the environment as dominated by “bearish liquidity” and a widespread negative outlook, noting that he sees no immediate catalyst to reverse current sentiment.
Hilton underscored that “XRP holders should be prepared for more pain,” explaining that sentiment remains broadly negative and further downside could be likely.
Analyst expects price drop below $1
Stating his view consistently in recent commentary, Hilton places the next major price target for XRP in the “mid to low $0.90 range.” He believes a dip below $1 is likely unless conditions improve materially.
He cautions that if broader macroeconomic conditions worsen, or if negative political news emerges, XRP could fall below even these targets.
| Asset | Recent 26-day % Change | Latest Price Range |
|---|---|---|
| XRP | -22% | ~$1.03 |
| Bitcoin (BTC) | -5.6% (as compared to recent peak) | High $60,000s |
| Ethereum (ETH) | -5.6% | Lower than recent highs |
Macroeconomic pressures and sector news weigh on XRP
Underlying the broad sell-off, October’s US Consumer Price Index (CPI) increased 0.4%, above the expected 0.3%. Rising costs for groceries and general living expenses, even as energy prices softened, contributed to the higher figure.
Hilton predicts that the Federal Reserve will raise its benchmark interest rate at its upcoming December meeting in response to persistent inflation, which he sees as a major pressure point for all risk assets, including cryptocurrencies.
Additional concerns arose from reports involving NVIDIA’s CEO, who was allegedly linked to facilitating $7.5 billion in shipments to China, further dampening market sentiment.
Mini dictionary: Austin Hilton is a financial commentator and YouTube content creator known for his analysis of cryptocurrency trends, particularly focusing on XRP and other digital assets.
Hilton summarized the current sequence of developments as “bad news after bad news,” maintaining a cautious stance for the near term.
Despite market uncertainty, Hilton clarifies that his outlook is not intended as “doom and gloom” but as a message to remain patient and ready for opportunities when conditions stabilize.
Long-term approach amid volatility
While warning of further short-term declines, Hilton also pointed out that XRP is trading substantially below its moving average, which he considers noteworthy for long-term investors. He confirms that he is personally acquiring more XRP and other cryptocurrencies at current prices, favoring a strategy of steady accumulation.
His strategy centers on dollar-cost averaging, encouraging those who believe in XRP’s underlying fundamentals to use market dips as entry opportunities rather than reasons to exit positions.
Ultimately, Hilton believes that a price bottom will likely form, presenting potential value for those prepared to withstand volatility.
