XRP Falls Below $2 for the First Time Since February
XRP has dipped below the $2 threshold for the first time since early February, influenced by a significant downturn in the overall cryptocurrency market that has seen many digital currencies lose value. While XRP has demonstrated greater resilience compared to several other altcoins, which have experienced sharper declines, the atmosphere remains fraught with uncertainty, leading analysts to express differing opinions on the token’s future direction.
Some analysts are optimistic, suggesting that should XRP manage to reclaim critical resistance levels, it may spark a recovery rally that could reinstate bullish market sentiment. Conversely, pessimistic analysts caution against potential further declines, arguing that XRP’s inability to maintain above crucial support levels may result in a more substantial price correction.
Top Analyst Warns of Potential Breakdown
Renowned analyst BigCheds has shared a technical analysis via X, indicating that XRP is on the brink of falling below the $1.90 mark. Should this scenario unfold, it could intensify selling activity and lead to a more pronounced drop in XRP’s value. As the price hovers at this critical juncture, traders are keenly observing whether it can stabilize and recover or if additional losses are imminent. The forthcoming days are expected to be critical in shaping XRP’s short-term trajectory amid ongoing market volatility.
Crypto and Stock Markets Struggle Amid Uncertainty
The entire cryptocurrency market is grappling with adverse macroeconomic conditions that are negatively impacting investor confidence. Policies from U.S. President Trump, alongside tensions from the global trade war, have fostered an environment characterized by volatility and uncertainty, complicating efforts for market stabilization. Consequently, the U.S. stock market has plummeted to its lowest levels since September 2024, contributing to a broader risk-off sentiment that extends across various asset classes, including cryptocurrencies.
With fear and uncertainty on the rise, analysts predict that the downtrend may persist across both traditional markets and digital assets. Investors are currently cautious about taking long positions, with many opting to wait for clearer indicators before making any decisions. Despite XRP’s relative strength compared to some altcoins, it remains vulnerable to the prevailing market instability.
BigCheds’ technical observations on X caution that XRP is dangerously close to a breakdown on the daily chart. His analysis suggests that if XRP falls below the $2–$1.90 support threshold, it could trigger a substantial drop, leading to increased downward pressure. As XRP hovers around this vital level, traders are closely watching to see if bullish forces can defend critical support or if the broader market decline will drive prices lower. With ongoing macroeconomic concerns and heightened volatility, the upcoming days will be crucial in determining XRP’s short-term path.
XRP Holds Above $2 Amid Heavy Selling Pressure
Currently, XRP is trading at $2.13 after facing intense selling pressure over recent days. The price had previously dipped to $1.89, testing a significant support level before bouncing back above the $2 mark. Despite this short-term recovery, XRP remains under bearish influence, and it is imperative for bulls to maintain positions above $2 to avert further declines.
For XRP to regain upward momentum, it is essential for buyers to push prices toward key resistance levels in the range of $2.30–$2.50. A decisive move above these thresholds could signal a recovery, enabling XRP to sidestep a more extensive market-wide sell-off. However, failing to safeguard the $2 support could expose XRP to a deeper correction, with the next significant demand zone positioned around $1.60.
With increasing volatility permeating the crypto markets, XRP’s price dynamics remain uncertain. The bulls need to act promptly to reclaim higher price levels; otherwise, the potential for further losses will continue to escalate. The next few trading sessions are expected to be pivotal in determining whether XRP can stabilize or if it will extend its downward trend toward lower price points.
