XRP suffered a steep sell-off this week, sliding to its lowest price since October as liquidation pressure intensified across the broader crypto market. Ripple changed hands around $1.60 on Wednesday, marking a 35% decline from its 2026 peak. With volatility rising, traders are now questioning whether XRP is setting up for a rebound—or if further downside is still on the table despite growing real-world adoption.
XRP Slides Even as Positive Developments Stack Up
The downward momentum in XRP accelerated alongside a wider market downturn, driven in part by escalating geopolitical tensions. Concerns over a potential conflict in the Middle East have rattled risk assets, with reports suggesting that Donald Trump is weighing military action against Iran. Tehran has already warned that any strike could trigger a broader regional escalation, making a diplomatic resolution increasingly uncertain.
What stands out is that XRP’s decline comes despite several notable positives. Ripple has continued to expand its regulatory footprint, recently securing a European license following approvals in the UK and Singapore. The firm has also obtained a UK banking license, strengthening its position in regulated financial markets.
At the same time, the XRP Ledger is gaining traction in real-world asset (RWA) tokenization. This week, tokenization platform Ctrl Alt announced plans to tokenize more than $120 million worth of diamonds on XRPL.
On-chain data reflects this momentum. Assets held on XRPL have surged by over 270% in the past 30 days, climbing above $1.47 billion. Stablecoin market capitalization on the network has risen 20% to $422 million, while monthly stablecoin transfer volume jumped 44% to roughly $1.13 billion.
XRP Technical Outlook Remains Under Pressure
From a technical perspective, XRP’s chart structure still leans bearish. The token continues to trade below both the Supertrend indicator and the 50-day Exponential Moving Average, signaling sustained selling pressure.
Momentum indicators reinforce this view. The Relative Strength Index has dropped to around 30, placing XRP firmly in oversold territory, while the Average Directional Index has climbed to 38—often interpreted as confirmation that the current trend remains strong.
As a result, the near-term outlook suggests further downside risk, with $1.38 emerging as the next key support level. A decisive break below that zone could open the door to a move toward $1.00. That said, many analysts expect a recovery later in the year as dip buyers return and geopolitical risks begin to ease.
Maxi Doge Gains Attention as Capital Rotates
If XRP manages to reclaim the $2.00 level and reestablish bullish momentum, attention could shift toward higher-risk, higher-reward opportunities—particularly in the presale market.
One project benefiting from this rotation is Maxi Doge (MAXI), an early-stage memecoin inspired by Dogecoin’s historic breakout cycles. The project is positioning itself as a community-driven play, with private channels designed for strategy sharing and early adopter engagement.
The MAXI presale has now raised more than $4.5 million, with tokens currently priced at $0.000278. Participants are also offered staking rewards of up to 70% annually, a feature aimed at long-term holders.
Investors can join the presale through the official Maxi Doge website using USDT, ETH, or a bank card via a compatible crypto wallet.