XRP recorded a significant decline over the last month, falling 25% amid persistent selling in the broader cryptocurrency market. Crypto analyst Austin Hilton addressed the drop in a recent video, outlining technical support areas that could become relevant as the price seeks stability.
A challenging period for XRP holders
During the past 30 days, XRP’s price has experienced consistent downward pressure. Hilton pointed out that while the decline is notable, technical indicators suggest the digital asset may be nearing a crucial bottom.
Offering an optimistic perspective, Hilton said he believes XRP is approaching its lowest point for this cycle. He cited technical signals supporting the possibility of an imminent reversal, with buyers likely to reemerge if current trends persist.
XRP is down sharply over the past month, but support levels indicate a bottom could be close and a rebound may follow if broader market conditions stabilize.
Wider market and economic headwinds
Hilton attributed XRP’s losses not to asset-specific developments, but to broader macroeconomic factors affecting the entire cryptocurrency sector. Rising inflation and recent data showing U.S. consumer debt surpassing $1.3 trillion have fostered an atmosphere of uncertainty for digital assets.
He explained that Bitcoin has also come under pressure, slipping toward the $72,000 mark, with the potential to move as low as $70,000 or below if prevailing trends continue. This suggests that XRP’s decline is in line with overall market movements rather than isolated weakness.
Hilton further highlighted a lack of sustained demand from institutional investors, noting that Bitcoin exchange-traded funds have seen no positive net inflows since October 30. According to him, this absence of inflows reflects caution among larger participants as macroeconomic pressures persist.
| Asset | Recent Price Level | 30-Day Change | Key Support |
|---|---|---|---|
| XRP | Below $1 | -25% | $1, $0.90 |
| Bitcoin | Near $72,000 | Negative | $70,000 |
Technical outlook and key support levels
Drawing on analysis by CasiTrades, Hilton emphasized that XRP is testing price levels that could affect its trend for months. Indicators suggest a bullish divergence may be forming and that the selling pressure is weakening, setting the stage for a possible turnaround.
Hilton emphasized two crucial support zones for XRP: $1 and $0.90. He cited Fibonacci retracement analysis that identifies $1 as a critical point to monitor. These levels, he argued, represent significant buying opportunities for those following technical strategies.
Should Bitcoin drop further into the $60,000 range, Hilton expects XRP to test even lower support lines. He advised market participants to keep an eye on both Bitcoin’s price and macroeconomic signals when gauging XRP’s near-term trajectory.
Entry points in a volatile environment
According to Hilton, the recent price action should not deter investors searching for potential entry points in XRP. He characterized the current environment as painful but likely to set up a favorable scenario for buyers as the cycle matures. With about six weeks left in the fourth quarter, Hilton sees indications that selling momentum is waning and that a reversal could soon develop.
For those monitoring XRP, Hilton advises focusing on the $1 and $0.90 levels and tracking Bitcoin’s price movement and external economic conditions as primary signals for new opportunities.
Austin Hilton is a well-followed cryptocurrency market commentator known for his technical and macroeconomic analyses targeting traders and retail investors.
Mini dictionary: Fibonacci retracement is a technical analysis tool used to identify potential support and resistance levels based on the idea that prices retrace a predictable portion of a move, often at key ratios derived from the Fibonacci sequence, such as 23.6%, 38.2%, 50%, 61.8%, and 78.6%.
