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Analyst Shares Key XRP Price Levels to Watch

Crypto commentator Austin Hilton analyzes XRP's recent 25 percent monthly decline, highlighting key macro support levels at $1 and $0.90 while pointing to broader economic pressures driving the wider crypto market downturn.

Expert Who Predicted August Surge Says XRP Demands Attention Once More

XRP has experienced a sharp decline over the past month. In a recent video, crypto commentator Austin Hilton analyzed the ongoing price action, highlighted key technical support zones, and suggested that the downward trend may be nearing its conclusion.

A Difficult Month for XRP

The recent statistics are clear. Hilton points out that XRP has shed 25% over the trailing 30-day period, facing daily downward pressure that continues to push the token lower. Even so, Hilton’s perspective on the market is not entirely pessimistic.

“I think that we are close to the bottom,” he states, referencing technical indicators that hint at a potential near-term trend reversal.

Broader Economic Pressures Fuel the Slide

XRP is not dropping in a vacuum. Hilton links the current market correction to several macroeconomic headwinds, pointing to stubborn inflation, U.S. consumer debt recently surpassing $1.3 trillion, and general financial instability as primary drivers pushing the cryptocurrency market downward.

Hilton emphasizes that this is not an issue unique to XRP. Instead, the asset is falling alongside Bitcoin and the wider market rather than due to internal project factors. With Bitcoin sliding toward the $72,000 threshold, Hilton warns that it could drop further toward $70,000 or lower.

He also notes that Bitcoin exchange-traded funds (ETFs) have recorded zero positive net inflows since October 30, reflecting subdued institutional interest amid current macroeconomic uncertainty.

Key Price Thresholds to Monitor

Drawing on insights from analyst CasiTrades, Hilton notes that XRP is currently “testing XRP levels that could change the timeline by months.” This analysis indicates that a bullish divergence is forming, with selling momentum fading as a broader bullish reversal potentially takes shape.

Hilton identifies $1 and $0.90 as crucial support levels. A Fibonacci retracement at the 8.54 level places the $1 mark directly in the spotlight. Having maintained this outlook consistently, Hilton regards these two price points as the main macro entry opportunities for XRP.

Should Bitcoin continue to drop into the low $60,000 range, Hilton anticipates that XRP will track downward and test even lower supports.

Assessing the Entry Point

Despite the recent market pain, Hilton maintains that the prevailing conditions create a strong entry point for XRP investors. With six weeks remaining in the fourth quarter, he observes a shift in the technical landscape, suggesting all indicators point toward a nearing market bottom.

For individuals tracking XRP, Hilton advises keeping a close eye on Bitcoin, watching macroeconomic developments, and viewing $1 and $0.90 as the primary zones where buying opportunities emerge.

Frequently Asked Questions

How much has XRP dropped recently?

XRP has declined by 25% over the last 30 days, facing continued downward pressure on a daily basis.

What are the key support levels for XRP?

According to Austin Hilton, the primary macro support and buying levels to watch are $1 and $0.90.

Why is the crypto market falling?

The market downturn is being driven by broader macroeconomic pressures, including persistent inflation, U.S. consumer debt exceeding $1.3 trillion, and general financial uncertainty.

Are Bitcoin ETFs seeing inflows?

No, Bitcoin ETFs have not recorded any positive net inflows since October 30, indicating weak institutional appetite in the current economic climate.

Explained in this article

Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

More about Bitcoin
Exchange-traded fund

An investment fund that holds a basket of assets, such as the shares in an index, and trades on a stock exchange like a single share.

ETFs offer low-cost, diversified investing and are a fast-growing way people save.

More about Exchange-traded fund
Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

More about Cryptocurrency
Inflation

The rate at which the general level of prices for goods and services rises over time, usually measured over twelve months.

When prices rise faster than wages, households can buy less with the same income, and central banks may raise interest rates in response.

More about Inflation

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