XRP Teeters on $2 Cliff Edge as Trump-Musk Spat Sends Markets into Tailspin

Another day, another billionaire ego clash shaking the crypto casino. XRP bulls are white-knuckling their seats as the digital asset flirts dangerously with its $2 support level—proof that even 'utility tokens' aren't immune to old-fashioned market tantrums.

The trigger? A fresh feud between former President Trump and Tesla's Elon Musk over—what else?—social media dominance. Because nothing says 'sound monetary policy' like two oligarchs trading insults while retail traders foot the bill.

Watch that $2 line like a hawk. If it breaks, we could see a cascade of stop-loss orders that'd make even the most hardened crypto bro sweat. Just remember: in this market, 'fundamentals' is just Wall Street speak for 'narrative we haven't debunked yet.'

The clash between TRUMP and Musk erupted over disagreements regarding the “One Big Beautiful Bill Act,” a proposed spending and tax cut package. Earlier this week, Musk publicly criticized the bill as an “abomination,” prompting Trump to threaten the termination of government contracts with Musk’s companies, including SpaceX and Tesla. 

On June 5, the feud intensified when Musk accused Trump of ties to the Jeffrey Epstein files, while Trump claimed Musk was upset over the repeal of electric vehicle tax credits. This public spat, sparking a massive buzz across social media platforms like Truth Social and X, has rattled investors, with it contributing to a 4% plunge and wiping out over $180 billion from the crypto market. 

Also read: Tesla Drops 21%, $150B Lost After Musk Criticizes Trump Bill