The price of XRP took a big hit today, dropping nearly 20% and landing at around $1.69. The rest of the crypto market didn’t fare much better, it’s down about 11% across the board. But while most traders are watching prices slide, top analyst Steph is Crypto has caught people’s attention with two charts and a couple of tweets that suggest there’s more going on beneath the surface.
One of the charts shows XRP’s price movement from May 2024 to early May 2025. It outlines two clear periods of sideways movement, or consolidations, both marked with what the analyst calls “shakeouts”, those sudden dips that tend to shake out weak hands before a rally. The first one happened between May and November last year, when XRP ranged between $0.35 and $0.70 before breaking out and shooting up past $2.50.
Now, according to the chart, XRP’s in a second consolidation phase that started back in December. This time, it’s been trading between $1.30 and $2.80. The recent dip brought the price down to around $1.66, right near the lower end of the support zone at $1.30–$1.50. If history repeats itself, as the chart hints, XRP price could be setting up for another move to the upside, but only if this level holds.
XRP Search Interest Drops to Pre-Rally Levels
A second chart focuses on Google search interest for the term “XRP” from April 2024 to April 2025. According to the data, search volume remained low through October 2024, surged in November alongside XRP’s price, and has since declined to levels even lower than those seen before the rally.
This flatline in interest has been framed by Steph is Crypto as a sentiment-based support zone. It represents a period of reduced retail activity and attention. In many previous cycles, such periods have preceded accumulation by larger investors. This is often followed by renewed momentum as attention returns.
💥 BREAKING:
SEARCH VOLUME FOR TERM “#XRP” IS DEAD RIGHT NOW..
THIS IS A GENERATIONAL BUYING OPPORTUNITY! pic.twitter.com/zEPbD4yNIP
— STEPH IS CRYPTO (@Steph_iscrypto) April 7, 2025
XRP Market Context Frames Analyst Observations
The steep decline in both XRP’s price and market interest comes as the broader crypto space also faces a downturn. With XRP down nearly 20% and the total market losing over 11% of value today, market sentiment is subdued. These conditions provide context for analyst-driven narratives focusing on historical patterns, low retail engagement, and the technical outlook of XRP’s current structure.
While these observations are based on chart behavior and sentiment analysis, market conditions remain volatile. Traders continue to monitor support levels and interest trends as XRP price hovers near $1.69.
Read Also: Black Monday for Crypto: Bitcoin Crashes Below $75K as Fear Takes Over – What Just Happened?
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