Ripple Price Under Pressure: Could XRP Drop Below $2 Soon?
XRP dips amid XRP/BTC slump
XRP is trading near $2.14, retreating from its weekend highs around $1.90. The XRP/BTC ratio has tumbled to 0.00001982, its lowest in seven months, reflecting broader market uncertainty and renewed risk-off sentiment in crypto.
Technical signs flash red but hint at rebound
Daily charts show XRP slipping toward a support zone near $2.09, with MACD and RSI indicators turning bearish. The 50-day EMA crossed below the 200-day EMA in a classic “death cross,” confirming short-term downward momentum. However, a falling-wedge pattern suggests a potential breakout—possibly reviving an XRP/BTC rally up to 0.00002560, which could trigger a bullish shift.
Macro worries weigh on sentiment
Geopolitical tensions and macroeconomic variables like Fed uncertainty have pushed crypto investors toward safe-haven assets like Bitcoin. XRP has pulled back as capital rotates out of riskier coins. Still, legal wins for Ripple and growing institutional interest support the possibility of a rebound.
What traders should watch next
Key levels to monitor: support near $2.09, resistance at $2.22–2.23, and whether XRP holds $2.00. A drop below could open the door to $1.80–1.60. Traders should also track Bitcoin’s movement, as XRP often follows BTC’s lead.