Crypto trader Wealth Manager has taken a bearish stance on XRP, shorting the asset as its price plummets 14.22% to $1.30, a level last seen in November 2024. The trader, known for his market insights, opened a $50,000 short position, citing weak market structure and potential further declines. Technical analysis suggests XRP could fall to the $0.50 range if support levels break. The broader crypto market is also under pressure, with Bitcoin dropping 8.5% to $69,555. Despite XRP's steep losses, some analysts see potential accumulation zones forming between $1.50 and $1.30, advising cautious buying. However, the short-term outlook remains uncertain as market sentiment turns cautious.