- XRP Drops 10% Amid Market Turmoil: The price plunged to $2.30, with broader crypto losses intensifying as Bitcoin nears the critical $90K level.
- Multiple Factors Driving the Crash: Hawkish Fed policy, stock market declines, and the Bybit hack have all contributed to the panic-driven sell-off.
- Key Support Levels in Play: If selling pressure continues, XRP could drop to $2.00, $1.50, or even $1.00, especially if Bitcoin crashes to $75K.
XRP just took a massive hit, plunging over 10% in the last 24 hours and dropping to a shocking $2.30. Investors are left scrambling as market-wide turmoil deepens, with fear gripping the space.
Bitcoin Nears $90K—Altcoin Bloodbath Looms
The entire crypto market is in free fall. Bitcoin ($BTC) is down more than 5%, now hovering dangerously close to $90,000—a critical psychological level. If BTC breaks below this mark, expect even deeper losses across altcoins, including XRP.
source: tradingview
Why is XRP Crashing?
The entire crypto market is collapsing, and XRP—known for mirroring broader market moves—is struggling to hold its ground. Historically, XRP tends to lag behind in recovery, leaving holders anxious about its next move.
Adding to the chaos, the Federal Reserve remains hawkish, keeping interest rate cuts off the table. Meanwhile, speculation around Trump’s Strategic Bitcoin Reserve fuels uncertainty, as a BTC-centric policy shift could leave XRP in the dust.
Traditional markets aren’t helping either. The S&P 500 just suffered its worst two-month drop, shedding nearly 2% last Friday. Bitcoin’s strong correlation with stocks means that when Wall Street bleeds, crypto follows, dragging XRP deeper into the red.
To make matters worse, the Bybit hack has investors spooked. The breach has shaken market confidence, keeping many traders on the sidelines. This lack of buying pressure is only accelerating XRP’s downfall.
How Low Can XRP Go?
If selling pressure keeps piling up, XRP could crash to these key support levels:
- $2.00 – A crucial psychological zone; falling below could spark even more panic.
- $1.50 – A historical support level, but breaking this could signal serious trouble.
- $1.00 – A nightmare scenario, representing a catastrophic 50% drop. If Bitcoin collapses to $75,000, this could become reality.
Final Thoughts—What’s Next for XRP?
With fear dominating the market, XRP holders need to brace for extreme volatility. Whether it can recover depends largely on Bitcoin’s next move and broader sentiment. Right now, it’s a waiting game—but if BTC falls below $90K, expect even more blood in the streets.
