XRP price remained steady at $1.35 on Sunday after failing to break above the $1.40 resistance level, keeping it in the final consolidation phase. Ripple's price decreased by 1.02% over the past 24 hours, indicating a cautious mood in the overall cryptocurrency market. Is this a good time to buy on the dip?

XRP's price is still under pressure despite efforts to resume the upward trend as traders assess risks in the macroeconomy and declining market inflows.
Currently, XRP is trading approximately 64% below its all-time high of $3.84, recorded on January 4, 2018, during the peak of the previous bull cycle. This sharp decline from that historic peak has reignited discussions about whether the current pullback presents a strategic accumulation opportunity.
The total cryptocurrency market capitalization decreased by 1.19% to $2.3 trillion over 24 hours, indicating investor risk aversion. Bitcoin's price also fell by 1.12% to $67,166, heavily influenced by the broader market decline.
Increasing geopolitical tensions, especially in the United States and Iran, have disrupted financial markets and triggered sell-offs of risk-sensitive assets. Additionally, Bitcoin exchange-traded funds experienced outflows exceeding $348 million earlier this week, negatively impacting stability.