XRP just got rejected hard at that $1.43-$1.45 zone again and dropped to $1.41. Volume spiked 74% above average on the way down, which tells you sellers are definitely in control right now. Currently sitting around $1.33 after that intraday move, and the technical picture looks messy. What's interesting is we're still trapped in this descending channel that's been defining the move since July's peak. The token keeps bouncing between support and resistance, but each bounce looks weaker than the last. I've been watching the $1.40 level closely because if that breaks and holds, we could see a real flush toward $1.33 and potentially lower. The flip side: if XRP can stabilize and hold $1.40, there's a shot at retesting $1.45 and maybe pushing toward $1.55. But honestly, with open interest cooling off and the descending channel still intact, I'm not betting on a quick reversal. Institutional buyers via spot ETFs have been accumulating, but that hasn't stopped the price action from grinding lower. The real move might not come until we break out of this descending channel structure cleanly one way or the other. Watching $1.33 support closely—if that cracks, $1.00 is suddenly in play as a longer-term target.

I recently saw survey data from Bank of America indicating that investors' short positions on the US dollar have reached their highest levels in over a decade. Logically, this should be beneficial for Bitcoin. After all, a weakening dollar usually boosts the prices of risk assets, but the current situation is a bit strange. Since the beginning of this year, an unusual positive correlation has emerged between Bitcoin and the dollar. The dollar index fell more than 9% last year and has continued to weaken this year, yet Bitcoin has fallen by 6 in 2025, with a year-to-date decline of 21%. According to TradingView data, the correlation coefficient over the past 90 days has reached 0.60, indicating that the two are starting to move in the same direction. This change is quite interesting. If this correlation persists, further dollar weakness might actually drag down Bitcoin. But from another perspective, if the dollar rebounds due to short squeeze, Bitcoin could also rise. When so many investors are betting on the dollar falling, any unexpected rebound could trigger large-scale short covering, and this short squeeze could amplify market volatility. Speaking of volatility in crypto assets, many people still have some confusion about the characteristics of different tokens. For example, someone asked what "sol" means; it usually refers to discussions related to the Solana ecosystem. But in the broader crypto market, understanding the relationship between various assets and macro factors is key. Currently, Bitcoin is trading at $71.61k, down 1.49% in 24 hours. Meanwhile, XRP has dropped from $1.36 to $1.33 on high trading volume, which clearly indicates active selling rather than liquidity issues. The key level of $1.35 has shifted from support to resistance. If the support at $1.33 cannot hold, there may be further downside risk. It appears that sellers still hold the upper hand.

I just observed a sharp drop in XRP — the coin fell 16% in a day, dropping to $1.33. Bitcoin also fell by 7%, but XRP clearly took a bigger hit. Looking at liquidation data — about $46 million worth of positions were forcibly closed, mostly long positions. This isn't just a spot sell-off; it's a real game with leverage. Technically, it's interesting — the price broke through the $1.44 level, which previously served as support. Now it's resistance. The next psychological target is visible at the $1.00 level, where there’s practically no recent trading history. The chart shows a classic pattern — gradual decline throughout the day, followed by a sudden drop at the end when stop-loss orders trigger. Interestingly, fundamentally, there were positive news for XRP and Ripple. Flare and Hex Trust launched access for minting FXRP and staking FLR — allowing institutions to work with XRP in DeFi without selling it. Ripple also obtained electronic money licenses in Luxembourg. But the market simply ignores this. It’s clear that traders either don’t see enough demand yet or doubt the speed of institutional flows. So currently, XRP is trading as a pure play on positioning and momentum, not on adoption stories. The fundamentals are just in the background. Technical levels decide everything.