XRP Drops Below $1.30 Amid Bearish Sentiment and Market Pressure
XRP has fallen below a key support level of $1.30 as bearish positioning continues to weigh on its price.
XRP has fallen below a key support level of $1.30 as bearish positioning continues to weigh on its price. XRP (XRP) is trading at $1.29. This is an original TLT brief based on reporting by CoinJournal, with live market data added, as of Thu, 29 Oct 2026 10:30:05 UTC.
The breach of the $1.30 support level is significant as it indicates a potential shift in market sentiment and could lead to further downside if bulls fail to reclaim this level. The bearish derivatives positioning suggests traders are currently more inclined to short than long XRP.
- XRP falls below $1.30 support level
- Bearish long-to-short ratio at 0.82
- Resistance at $1.333-$1.372 must be reclaimed for technical recovery
- XRP down 3.02% in 24 hours
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- XRP Drops Below $1.30 Amid Bearish Sentiment and Market Pressure — this brief
XRP has fallen below the key support level of $1.30 on Thursday, continuing a bearish trend that has been affecting the cryptocurrency. This drop comes as the overall crypto market remains under pressure, with 
Bitcoin also experiencing a 1.71% decline in the past 24 hours.
The bearish sentiment is further evidenced by the long-to-short ratio of 0.82, which suggests that traders are currently more inclined to short XRP than to go long. This positioning indicates a lack of confidence in the near-term prospects of the cryptocurrency.
To improve its technical outlook, XRP needs to reclaim the resistance zone between $1.333 and $1.372. This level is crucial as it could serve as a pivot point for a potential recovery in the near term.
The current pressure on XRP follows the Federal Reserve's recent cautious stance, which has contributed to a broader market downturn. The crypto market cap stands at $2.75 trillion, reflecting the overall bearish sentiment.
With XRP currently trading at $1.29, down 3.02% in the past 24 hours and 3.68% over the last week, the cryptocurrency is facing significant headwinds. The market cap of XRP is now $81.79 billion, reflecting the impact of the recent price decline.
Since this brief published about 2 hours ago, XRP (XRP) has moved from $1.29 to $1.29 — +0.00%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₦1,785.35 (about $1.29), down 3.1% over 24 hours. The naira itself trades about 2.8% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
XRP Drops Below $1.30 Amid Bearish Sentiment and Market Pres — questions & answers
What is the significance of XRP dropping below $1.30?
The drop below $1.30 indicates a potential shift in market sentiment and could lead to further downside if bulls fail to reclaim this level.
What is the long-to-short ratio for XRP?
The long-to-short ratio for XRP is 0.82, indicating stronger bearish positioning.
What resistance level must XRP reclaim for a technical recovery?
XRP needs to reclaim the $1.333-$1.372 resistance zone for a potential technical recovery.
How much is 1 XRP worth in naira today?
About ₦1,785.35 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.29. The naira price moves with both XRP's US-dollar price and the USDT/NGN rate; use our XRP in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from CoinJournal. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.