XRP fell about 5%–6% on Thursday, sliding toward $1.42 after losing the $1.50 level that had held for much of the previous two weeks. The decline pushed the token toward $1.40, which is now emerging as the next important support zone.
The move came amid a broader cryptocurrency selloff, with Bitcoin dropping toward $81,000 and Ethereum and other major digital assets also trading lower. There was no clear XRP-specific negative catalyst. Instead, rising bond yields, elevated oil prices and a relatively strong dollar weighed on speculative assets. Brent crude surged above $104, while U.S. Treasury yields remained near multi-decade highs.
Leveraged long positions added to the selling pressure. Market data showed that the overwhelming majority of XRP liquidations came from leveraged longs, contributing forced selling in an already weak market.
Despite the pullback, analyst Chart Nerd maintained an aggressive long-term technical target of $27, arguing that XRP’s current structure resembles the consolidation that preceded its enormous 2017 advance. Under that framework, another major breakout could eventually push XRP into the $20-plus range. Separately, Standard Chartered has published a long-term XRP forecast reaching $28 by 2030, based on a different methodology.
