XRP Battles to Stay Above $2 as Market Turmoil Deepens

Crypto Market Sell-Off Pressures XRP, Bulls Struggle to Defend Key Support

XRP has slipped below the crucial $2 threshold for the first time since early February, as the broader cryptocurrency market experiences a sharp downturn. While many altcoins have suffered steeper losses, XRP’s resilience is being tested amid rising selling pressure. Analysts remain divided on whether the digital asset can reclaim lost ground or if further declines are imminent.

XRP at a Pivotal Level: Can Bulls Regain Control?

The ongoing uncertainty surrounding XRP has left traders on edge, with price action hovering around key support zones. Some experts suggest that if XRP manages to reclaim critical resistance levels, it could spark a recovery rally, restoring bullish momentum. Conversely, bearish analysts caution that failure to hold support may trigger a deeper correction, pushing XRP into a prolonged downtrend.

Renowned technical analyst BigCheds took to X (formerly Twitter) to warn that XRP is flirting with a breakdown below $1.90. Should this level give way, increased selling pressure could send the price tumbling further. The next few days will be crucial in determining whether XRP stabilizes or succumbs to additional losses.

Crypto and Stock Markets Face Intense Headwinds

The broader financial landscape remains turbulent, with macroeconomic uncertainties adding to market instability. Policies under U.S. President Trump, coupled with escalating global trade tensions, have created a risk-off environment that has hit both traditional markets and digital assets hard. The U.S. stock market recently plunged to its lowest levels since September 2024, further dampening investor confidence.

As fear and uncertainty grip the markets, analysts warn of continued downside pressure across both equities and cryptocurrencies. Many investors are hesitant to take long positions, opting to wait for clearer signs of stability before re-entering the market. While XRP has managed to hold above key support levels, it remains vulnerable to the broader market downturn.

Key Support at $2 Holds - For Now

Despite intense selling pressure, XRP has bounced back to $2.13 after briefly dipping to $1.89. This retest of a crucial support level suggests that bulls are attempting to defend the $2 mark. However, the asset remains in bearish territory, with buyers needing to push prices toward $2.30–$2.50 to confirm a potential recovery.

The 200-day Exponential Moving Average (EMA) remains a critical support level, providing a buffer against further losses. Should XRP fail to hold above $2, the next significant demand zone sits around $1.60, increasing the risk of an extended downtrend.

With market volatility at elevated levels, the coming days will be decisive for XRP’s short-term trajectory. Bulls must act swiftly to reclaim lost momentum, or the cryptocurrency could be in for deeper losses.