XRP Price Plummets 8% in a Single Day: Is the $1 Support Line About to Shatter?

XRP just took a nosedive. The digital asset shed 8% of its value in 24 hours, sending shockwaves through the market and leaving investors clutching their portfolios.

The $1 Question

All eyes are now fixed on that critical psychological threshold. The sudden sell-off has traders scrambling, asking one thing: is this a temporary correction or the start of a deeper plunge below the dollar mark?

Market Mechanics in Motion

Such a sharp move doesn't happen in a vacuum. It's a cocktail of leveraged positions getting liquidated, panic selling from retail, and the ever-watchful whales testing support levels. The usual suspects—broader market sentiment and regulatory noise—are also lurking in the background.

What Comes Next?

History shows crypto markets love a good V-shaped recovery almost as much as Wall Street loves a bailout. But it also shows that broken support can turn into fierce resistance. The next few trading sessions will be decisive, revealing whether this is a buying opportunity or a trap door.

One thing's certain: in crypto, a 8% drop is just another Tuesday—until it isn't. The only thing more volatile than the charts might be the excuses analysts cook up afterward.

Will XRP Fall Below $1 Following The Ongoing Price Crash?

XRP last traded below the $1 mark in November 2024. The asset picked up steam in late 2024 after the SEC vs. Ripple lawsuit neared its end. The settlement led to a massive uptick in investor sentiment. XRP eventually hit an all-time high of $3.65 in July of last year. However, the crypto market entered bearish territory in October 2025. XRP’s price has fallen by more than 50% since its all-time high.

If the crypto market continues its current trajectory, there is a chance that XRP could dip below the $1 mark once again. However, the asset seems to have some support at current levels. Dipping below $1.70 could lead to increased selling pressure on investors. Such a development may cause the asset to fall below the $1 mark.

CoinCodex analysts predict XRP to enter a sideways trajectory over the coming weeks. The platform does not expect the asset to dip below the $1 mark just yet. In fact, CoinCodex predicts XRP will pick up the pace and reclaim the $2 mark on April 19, 2026.

Despite CoinCodex’s bullish outlook, fresh volatility could present unforeseen challenges to XRP’s price. Market participants are still weary about risky assets and macroeconomic pressures may lead to a prolonged bear market.