XRP Plunges Below $2 as Geopolitical Tensions Escalate—Bears Tighten Grip

XRP bulls just got mauled as the token nosedives under $2 amid Middle East turmoil.

Geopolitical shockwaves hit crypto

The Israel-Iran conflict's latest escalation sent shockwaves through risk assets—and XRP holders felt the brunt. No surprise here: when traditional markets panic, crypto becomes Wall Street's punching bag.

Technical breakdown accelerates

That key $2 support level? Obliterated. Now traders are watching for capitulation as the bears feast. 'Safe haven' crypto? More like digital leverage for macro chaos.

Bonus jab: At least the SEC can't blame this drop on regulation—for once.

• XRP is trading near $1.93, breaking key support and showing strong bearish momentum.
• The price has dropped below major moving averages, confirming a downward trend.
• Geopolitical tensions between Israel and Iran have triggered a crypto market sell-off, affecting XRP.
• Next support levels are $1.80 and $1.60, with no clear reversal signs yet.

XRP is trading around $1.93, continuing its sharp decline and breaking key support levels. The current market trend for XRP is bearish, with the price falling below major moving averages and support zones, signaling strong downward momentum.

This steep drop in the token’s value comes as the entire cryptocurrency market experiences a significant downturn. Major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) are also facing price declines. The recent crash is largely attributed to escalating geopolitical tensions between Israel and Iran, which have triggered widespread uncertainty and a sell-off across the crypto space.

XRP Eyes $1.80 and $1.60 Support Zones

Looking closely at XRP’s price action, the technical outlook is currently unfavorable. On the 4-hour chart, XRP has sharply broken below a cluster of support levels between $2.10 and $2.30. These levels previously acted as strong demand zones, but the price failure to hold them signals a shift in market sentiment from bullish or neutral to bearish.

The price has also dropped below key moving averages, including the 20, 50, 100, and 200 simple moving averages (SMAs). In technical terms, this indicates that the short-term, medium-term, and long-term trends are aligned to the downside. The 20 SMA crossing below the longer SMAs further confirms the acceleration of bearish momentum.

The RSI (Relative Strength Index) on shorter timeframes is now approaching oversold territory, suggesting that while the selling pressure is strong, a short-term bounce or consolidation could happen before further declines. However, the absence of bullish reversal patterns means that any relief rallies may be limited.

Volume analysis shows that the selling pressure is supported by strong participation, which adds credibility to the move. Without a significant catalyst to reverse market sentiment, XRP’s next support levels to watch are around $1.80 and $1.60, based on previous price action.

However, the technical indicators and price patterns on both short and long-term charts signal continued bearish pressure for the token. Traders should be cautious and look for confirmed signs of reversal before considering long positions.

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