XRP Price Dips Below $1.30 Amid SEC Action

XRP Price Dips Below $1.30

The price of XRP has fallen, dropping over 3% in a day to trade at $1.29. The $1.30 support level, previously considered the floor of this corrective cycle, has been breached due to sustained selling pressure. However, at least one analyst believes the primary driver of this movement is not reflected on the XRP chart, but rather in Washington.

Finance expert Levi Rietveld gained significant attention this week after posting on X: “I TOLD YOU XRP FAM!!!! ITS HAPPENING!!!! THE SEC IS DOING IT!!!” He included a video in which he argued that the Federal Reserve is preparing to inject an initial $7 billion into the economy next week, marking the beginning of a quantitative easing cycle.

Rietveld suggests that coordinated liquidity expansion across the U.S., China, and Europe would significantly increase the global M2 money supply, driving capital into risk assets, including cryptocurrencies. He posits that an increase in the dollar supply would lead investors to seek higher yields on the risk curve.

Regardless of the Federal Reserve’s actions, XRP’s price structure has weakened considerably over the past 48 hours.

The 89% bearish sentiment reading, combined with an Extreme Fear score of 25 on the Fear & Greed Index, accurately reflects market sentiment. XRP has lost 10% of its value in the last two weeks and is significantly below its peak of $3.65.

Trading volume has surged to over $2 billion, primarily driven by sellers liquidating their holdings.

Technical Analysis

From a technical perspective, XRP has broken down from a triangle/pennant formation, lost the $1.35 pivot, and is now declining from the $1.30–$1.32 demand zone that previously triggered a strong upward movement. The 50-day moving average is trending downward, and the price is establishing lower lows, indicative of a bearish market structure.

The $1.30 level represents the neckline of a head-and-shoulders pattern. A close below this level could trigger an 18% decline towards the $1.12–$1.20 area, which is now occurring.

If the price closes below $1.30 today, it would likely confirm a prolonged breakdown, with potential downside targets at $1.20 and possibly $1.10 if selling accelerates.

Market Dynamics and Alternative Investments

For traders reevaluating their positions at current XRP levels, where potential gains to significant resistance at $1.60 are approximately 20% and the downside risk to $1.10 is equally significant, the risk-reward ratio appears unfavorable.

As XRP struggles to recover, capital is visibly shifting towards higher-beta opportunities.

Bitcoin Hyper ($HY PER) is one presale attracting attention. It is positioned as the first Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration, offering sub-second finality and low-cost smart contract execution on top of Bitcoin’s security layer, with performance metrics exceeding Solana.

The presale has raised $32 million at a current token price of $0.0136, with a 36% APY staking rewards program for early participants. The Decentralized Canonical Bridge allows for native BTC transfers into the ecosystem without the counterparty risk associated with wrapped tokens.