XRP Price Slides to 9-Month Lows as Key Weekly Supports Come Into Focus

XRP price is trading near the $1.59-$1.61 area as selling pressure continues across the broader crypto market. The decline has been sufficient to take prices down to their lowest levels in about nine months.

Also, daily activity remains heavy. The move reflects risk‑off sentiment. It does not signal a sudden pivot in the fundamental network narrative.

Weekly Levels Tighten as XRP Price Respects Support

The clearest map comes from the weekly chart shared by Ali Martinez. This highlights a ladder of levels above and below the current Ripple price.

In his view, $1.86 is now the nearest resistance zone, and $1.38 and $1.02 are the next support layers.

Weekly levels play a decisive role. They often determine if a pullback stays corrective. They also signal when a deeper trend begins to form.

The structure of candles in this chart is also leaning defensive. XRP price has been making lower highs, which is indicative that sellers are still in control of the pace.

A rebound can still occur. However, in that case, the market generally has to recover before sentiment improves. Until then, the Ripple price is vulnerable to range expansion lower, especially in the event of liquidity thinning during volatile sessions.

Momentum Warnings Add Risk of Baseline Retest

Another cautionary view comes from Jesse Olson. Olson has argued that losing a key weekly support increases the odds of a deeper baseline retest.

When a significant level breaks, price drifts toward the next clear magnet. Hesitant buyers and high volatility accelerate that move.

That risk is heightened by the trend of recent candles around inflection points. Instead of sharp V-shaped recoveries, the chart shows attempts that fade into further weakness. This kind of tape tends to keep traders cautious because it implies that demand is reactive rather than proactive.

Structure Keeps Bulls Engaged Despite the XRP Price Dip

While the short-term picture is heavy, some analysts continue to argue that the longer-term thesis remains intact. Crypto Patel has stressed the macro breakout narrative. He noted that the break of the XRP price of a multi-year descending resistance in the previous cycle.

From his perspective, the current drawdown is located within a larger re-accumulation phase and not a complete trend failure. He marked a value area between $1.50 and $1.00. He views it as a zone where buyers can re‑engage once the Ripple price stabilizes.

This framework clarifies market behavior. It shows how the market can look bearish on a weekly time frame. At the same time, it remains appealing to traders with a longer horizon. Strong trends are often accompanied by violent pullbacks that reset leverage and shake out weak hands.

Notably, bulls using this logic don’t usually pay attention to day-to-day volatility but to invalidation levels. The key lies in weekly closes. Major structural floors in price decide whether the macro story holds. If those floors break, the broader narrative collapses.

Wave Counts and Flows Indicate Selective Demand

Short-term structure watchers are also weighing in. More Crypto Online described the recent bids as corrective. They noted that a three‑wave push higher often lacks the strength to confirm a true reversal.

In that reading, Ripple price may still have to perform a larger corrective move before any sustainable recovery can begin. This does not eliminate upside but winds up rebounding, being vulnerable to rejection until a stronger impulsive structure emerges.

On the positive side, there have been positive flows into XRP-focused ETFs. Data referenced from SoSoValue showed net inflows of $16.79 million on January 30. This hints at some institutions using the weakness to add exposure rather than exit.