XRP Price Crash Below $2 - More Pain Ahead?
XRP Price Crashes Below $2 What It Means
The crypto markets are under serious pressure, and the XRP price just joined the panic. After holding steady near $2 for weeks, XRP has broken below this psychological barrier, now trading at $1.98. This dip comes amid a larger market correction thats already seen major tokens drop by 510% in the last 24 hours.
This isnt just another red day this is a significant breakdown for XRP, and it could be setting the stage for further losses.
XRP/USD 1-day chart - TradingView
XRP Price Breakdown Latest Stats
Heres a snapshot of the current XRP price and market data:
- Current Price: $1.98
- 24h Performance: -8.15%
- 7d Performance: -8.68%
- Market Cap: $113.6 Billion
XRP has been on a steady decline this past week, but losing the $2 level marks a key technical breakdown. This support was a strong floor, and now that it's gone, the chart looks increasingly bearish.
XRP Price Prediction Key Levels To Watch
Lets talk XRP price prediction. If the current downtrend continues and broader market sentiment doesnt improve soon, here are the next price targets for XRP:
- $1.60 Previously tested during a late 2024 market dip
- $1.40 Minor support zone with high historical trading activity
- $1.20 Major long-term support level, and potentially the next bounce zone
These levels could attract buyers, but if selling pressure increases, XRP could easily slide lower.
XRP News in Context Why This Crash Matters
This drop isnt just about XRP its part of a wider crypto sell-off. Ethereum has crashed below $1,800, and Bitcoin price below $80,000. Asian markets opened with aggressive selling, and market-wide outflows are increasing fast.
In this environment, XRP is struggling to hold ground, and without a quick reversal, more pain could be ahead.
Read more: https://cryptoticker.io/en/xrp-price-crash-below-dollar2-more-pain-ahead/
Text source: CryptoTicker
