XRP Bullish Dreams Crash Into Geopolitical Headwinds, Tumbles to $1.33

Ripple ($XRP) is having a rough couple of days, sliding below its weekly high of $1.40 to trade around $1.33 on Thursday. The remittance darling is doing the macarena to the broader crypto market's mood swings, which seems fixated on the US-Iran ceasefire drama. The ceasefire is technically holding, sure, but Iran's bottlenecking the Strait of Hormuz like it's a disputed NFT, and Donald Trump's tossing out threats about continued strikes if talks go sideways. Nothing says "risk on" like oil shipment anxiety.

Investor confidence has taken a battering since things heated up in late February. The Fear & Greed Index plunged to 14 in extreme fear territory on Thursday, down from 17 the day before. For those counting at home, that's basically "start looking up reputable therapists for your portfolio" territory—not exactly the vibes you need for a sustainable bounce.

Over in the derivatives trenches, retail degens are losing their enthusiasm faster than a memecoin dev after a pump. Open Interest dropped to $2.38 billion Thursday from $2.50 billion previously. If this exodus keeps up, $XRP might find itself trapped in a downtrend, with $1.30 acting as the next exit ramp on this rocky highway.

Technically, $XRP is perched around $1.33 with clear downside pressure. Price is still hiding below the 50-day ($1.42), 100-day ($1.58), and 200-day ($1.83) EMAs, keeping the trend firmly bearish despite recent bounce attempts. The daily RSI sitting around 44 shows modest bearish leanings without hitting screaming oversold levels, while the MACD hovering just above zero suggests recovery attempts that keep walking into a wall of sellers like a sad Groundhog Day for bulls.

Immediate resistance lurks at the 50-day EMA near $1.42, with additional hurdles at $1.58 and the descending trendline break zone around $1.73. The 200-day EMA at $1.