XRP Plunges 10%: Can the Crypto Recover After Breaking Below $2?
XRP just got slapped with a brutal 10% nosedive—crashing through the $2 support level like a wrecking ball through wet tissue paper. Here's what's fueling the fire.
Blood in the crypto streets
Traders are hitting sell buttons faster than a Wall Street banker dodging accountability. The breakdown below $2 triggers stop losses, creating a vicious cycle of liquidations.
Silver lining or dead cat bounce?
Every crash plants seeds for the next rally—but with regulatory clouds still looming over Ripple, XRP bulls might need more than hopium to stage a comeback. Watch the $1.80 level like a hawk; break that and we're in 'burn the charts' territory.
Remember: In crypto, 10% is just a Tuesday. Come back when we're talking 50% swings—then we'll see who's really got diamond hands.
The cryptocurrency market continues to struggle, and XRP has taken a brutal hit. In the last 24 hours, the price of XRP has dropped by over 10%, falling below the important $2 mark at the time of writing. The total market cap has dropped to $3.04 trillion, down nearly 5% in the last 24 hours. Cryptocurrencies like Bitcoin have fallen to $99,000, losing over 4%, while Ethereum has slipped by more than 10% to $2,179. Popular altcoins like Solana, BNB, Dogecoin, and Cardano have also registered losses between 4% and 9%. Market sentiment has turned red, with the Fear and Greed Index now at 40.
On the daily price chart, XRP has broken through a crucial support level around $2.07. Experts had been warning that if this level didn’t hold, the price could slide even further — and that’s exactly what has happened.
Now, experts are watching the next important support zone, which sits between $1.92 and $1.95. If XRP continues to fall and breaks below $1.91, the next possible target could be around $1.80 to $1.79, where some past price action and Fibonacci levels suggest support could appear.
In the short-term charts, no strong recovery signals have formed yet. Analysts had been hoping to see signs of a bullish divergence, which would hint at a possible bounce, but no clear confirmation has appeared so far. As a result, the trend for XRP remains bearish, and unless Bitcoin and the broader crypto market improve, XRP may continue facing pressure.
The market remains highly volatile, especially with Bitcoin dominance increasing and global tensions weighing heavily on risk assets like cryptocurrencies. The US Federal Reserve is also under pressure. Analysts also observed that the Fed didn’t cut interest rates recently because of growing instability, and this fresh conflict makes the economic situation even trickier.
