XRP just plunged toward the critical $2 threshold after shedding 16% in a single week, casting doubt on whether the token can hold its ground, or if a bearish XRP price prediction is now unavoidable.
With 24-hour trading volumes spiking 27%, representing nearly 5% of its circulating market cap, pressure is mounting fast.
The launch of a new XRP exchange-traded fund (ETF) in the US has done little to stem the bleeding, as the token continues to suffer from the broader crypto market downturn.
The Fear and Greed Index has plummeted to 15, a level not seen since April, signaling a deepening of investor panic.
If XRP breaks below the $2 mark, the drop could intensify. Open interest in XRP futures has already fallen to its lowest level since November, when Trump’s electoral momentum briefly revived crypto market sentiment.
XRP Price Prediction: Trend Line Support Holds, But Downside Risk Persists
XRP bounced off a key trend line support yesterday and could be setting up for a short-term recovery.
Still, the risk of a bearish breakdown remains high and could trigger significant losses if that support level fails.
If XRP breaks below this trend line, the first major demand zone sits at $1.75, implying a potential 17% drop from current levels.
A deeper breakdown could send it to the next “drop zone” near $1.47, which would mean a 30% decline, enough to keep even aggressive buyers on edge.
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The post XRP Price Prediction: Brutal Sell-Off Pushes XRP Toward Total Collapse – Is a Bear Market Officially Starting? appeared first on Cryptonews.
