As of right now, XRP is trading around $1.29, which is a significant drop from the recent high of $1.37 we saw just a few days ago. Looking at the hourly chart, it’s currently below its 50-period moving average, sitting at $1.3345. The Relative Strength Index (RSI) is at 35 and still trending downwards, indicating weakening momentum. I believe the market reacted negatively to President Trump’s recent address regarding Iran, and we saw a broader sell-off across the crypto market. XRP was pulled down with it, losing over 5% from its April 1st high and breaking a support level that had held for six days.