The price of XRP stabilized at $1.35 on Sunday after failing to break above the resistance level of $1.40, keeping it within the recent 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 during the dip?

XRP's price remains under pressure despite efforts to resume the upward trend, as traders assess risks in the macroeconomic environment 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 downturn.

Increasing geopolitical tensions, particularly in the United States and Iran, have disrupted financial markets and triggered sell-offs of risk-sensitive assets. Additionally, Bitcoin ETF outflows exceeded $348 million earlier this week, negatively impacting market stability.