XRP Faces Bearish Pressure as Price Drops Below $2 Amid Market Correction

XRP has experienced a significant downturn, plummeting over 15% and breaching the critical $2 support level. This decline aligns with a broader crypto market correction, with Bitcoin (BTC) slipping below $78,000 and Ethereum (ETH) trading under $1,600 after similar losses. The bearish trend for XRP has been developing over several months, signaling sustained market pressure. Here’s a detailed analysis of the current situation and what might lie ahead for XRP.

XRP News Today: Price Dips Below $2 After 15% Crash, What’s Next?

XRP has taken a major hit, dropping more than 15% and falling below the crucial $2 mark. This sharp decline is part of a broader market correction affecting major cryptocurrencies. Bitcoin (BTC) has slid below $78,000, and Ethereum (ETH) is now trading under $1,600 after a 15% crash, hinting that the entire crypto market is under pressure. Looking at XRP’s price action, the bearish trend has been building for months. According to analyst Josh of Crypto World, the 3-day chart shows a clear bearish divergence that’s finally playing out, confirming what many analysts had warned about. Even short-term bullish signals have been invalidated after the RSI (Relative Strength Index) broke down.

XRP Price Crashes To $1.65 Amid Black Monday Fears—Could It Plunge to $1?

XRP, the fourth-largest cryptocurrency by market cap, has plunged to $1.65, its lowest level since November 2024, losing nearly 30% in the past month. The broader market is also volatile, with fears of a U.S. trade war sparking sell-offs across stocks and risky assets. With XRP already down 20% in the last 24 hours, there are concerns it could drop further to $1, marking a 44% decline from its recent highs. This decline comes amid growing concerns that new U.S. trade tariffs have exacerbated market tensions.

Ripple’s (XRP) Next Bull Surge Could Carry It to $20, but Rexas Finance (RXS) Shows 17000% Gain Potential

Ripple’s XRP, a major participant in the cryptocurrency market, is attracting financial institutions and investors due to its ability to transform cross-border payments. Currently priced at about $2.24, experts predict that XRP might skyrocket above $20 in the coming months. However, a newly developed altcoin called Rexas Finance (RXS) offers an even more promising prospect, with a potential 17,000% increase. Unlike many cryptocurrencies, XRP has a strong use case, facilitating cheap and speedy cross-border transactions for banks and other financial institutions. Several international institutions have already accepted Ripple’s technology, making XRP a bridge currency for foreign transactions.

XRP Plunges 19.23% Amid Global Market Panic; Analyst Warns of 71% Drop

Ripple’s native token, XRP, saw a steep decline of 19.23% to $1.68 on April 7, amid global market panic tied to “Black Monday.” The drop came following aggressive tariffs introduced by Donald Trump, reigniting tensions between the US and China. Analyst Mario warns of a potential 71.34% drop in XRP, targeting a price range of $0.50–$0.70. Additionally, $63.82M in XRP positions were liquidated, with open interest falling 22.48% to $2.80 billion. The broader crypto market also experienced turmoil, with the overall market capitalization plummeting by 10.75% to $2.37 trillion.