“We expect crypto markets to dip once US markets open,” one trader said.
XRP price has crashed below a crucial support level, risking further downside as the crypto meltdown gains steam. It plunged to a low of $1.7020 on Monday morning, its lowest level since November last year. It has retreated by over 50% from its highest point this year, erasing billions of dollars in value.
XRP price is crashing today, April 7, due to trader concerns about a Black Monday event following President Trump's aggressive tariffs and trade policies. At press time, Ripple was down by 15% to trade at $1.80, which is its lowest price in two months.
After hinting at possible stability last week, the wider crypto market – led by Bitcoin (BTC) – will be on the defensive side in the coming days. In the past 24 hours, the crypto market recorded heavy losses, with total forced liquidations of $1 billion, whereby the majority were long traders.
Amid the major crashes that have rocked the crypto market in recent times, the XRP price has succumbed to bears. The cryptocurrency has pushed back over 30% from its $3.2 high of January 2025, leading investors to believe that the end of the decline is near.
XRP, ADA, DOGE Tokens Drop Below Critical Price Supports Amid 'Economic Nuclear War'
Joe Weisenthal, the co-host of Bloomberg's "Odd Lots" podcast, has observed that significant XRP price spikes tend to mark a local top for Bitcoin.
Traders are scrambling to figure out if the sudden bitcoin price correction could escalate into a full-blown market crash
The global cryptocurrency market has taken a significant hit, with the total market cap dropping to $2.46 trillion, marking a 7.79% decrease in the last 24 hours. This downturn comes amid growing macroeconomic concerns, particularly rising interest rates, which have sparked fears of instability across financial markets.
XRP price started a fresh decline below the $2.00 zone. The price is now consolidating and might face hurdles near the $1.880 level.
XRP has taken a major hit, dropping more than 15% and falling below the crucial $2 mark. This sharp decline is part of a broader market correction affecting major cryptocurrencies. Bitcoin has slid below $78,000, and Ethereum is now trading under $1,600 after a 15% crash, hinting that the entire crypto market is under pressure.
A cascade of liquidations might suggest a market turning point, where a price reversal could be imminent due to an overreaction in market sentiment.
Big news from the SEC—Acting Chair Mark Uyeda has asked the team to take a fresh look at how the government is currently handling crypto risks and regulations. This comes as part of an effort to align with Executive Order 14192, which focuses on cutting red tape and making regulations more business-friendly.
XRP, one of the markets most closely watched altcoins, is currently stuck in a phase of low volatility and weak momentum, particularly when paired against Bitcoin. While the weekly candlestick chart doesnt signal panic, it does suggest a quiet yet persistent downward trend a slow grind that technical indicators are beginning to confirm.
XRPs recent bullish momentum appears to be fading as it struggles to maintain support above the crucial $2.00 level. After bouncing from $1.95a key level aligning with the 200-day EMAXRP surged toward the $2.20$2.30 resistance zone.
David Schwartz, Chief Technology Officer at Ripple, recently revealed he sold several stocks at a loss to take advantage of tax-loss harvesting. The move comes amid a massive market downturn that wiped out over $6 trillion in just two daysmarking one of the worst sell-offs in U.S. stock market history.
Ethereum (ETH) and XRP are showing bearish trends heading into the weekend, according to CoinStats data. ETH has slipped nearly 1% in the last 24 hours, now trading at $1,794.
XRP continues its downward trend as buyers fail to sustain recent market growth, according to CoinStats data. The popular altcoin is down 2% in the last 24 hours and has declined by 3.95% over the past week, signaling growing bearish sentiment.
Rising with a startling 280% increase in Q4, XRP made headlines in Q4 2024. The surge was not random. It started with a special convergence of market catalysts: Donald Trump's comeback to the presidency, a consistent Federal Reserve policy, and a large flow of institutional investors looking for safe havens in digital assets.
With XRP down 39% since January, legal uncertainty, ETF prospects, and a looming global trade war weigh heavily on investor sentiment.
The markets are getting smashed across the board this week after Bitcoin, Ether, XRP, the S&P 500, and the Dow Jones all dropped hard in the same breath. The crash followed a violent sell-off in U.S. equities tied directly to President Donald Trump's new global tariffs, which kicked in just days ago.
XRP just dipped under the critical $2 level, triggering alarm bells across the market. With key support broken and a wave of outflows dragging prices lower, is this the start of a major crash or just a temporary panic?
Cryptocurrency prices were mixed last week after President Donald Trump announced his reciprocal tariffs and Federal Reserve Chairman Jerome Powell warned about stagflation.
Both assets have actually retraced in the past 24 hours.
XRP moved 275,000 tokens during Bitcoin's stagnation, signaling potential market shift or upcoming sell-offs.
The leading cryptocurrency exchange, Coinbase, is seeking to explore the possibilities of introducing an XRP futures contract to its customer base. In an announcement on X, formerly Twitter, Coinbase derivatives disclosed that it had filed to self-certify XRP-based futures.
XRP holds steady at $2.05, with a market capitalization of $119 billion and a 24-hour trading volume of $1.87 billion. Over the past day, it has fluctuated between $2.05 and $2.16, while the weekly range spans from $1.97 to $2.19.
It's not often that a widely-followed altcoin like XRP enters a stretch of performance so flat and directionless that the only thing really moving is its technical support line — but that is roughly where things stand now, particularly when viewed against Bitcoin.
Blockchain firm Ripple has called on UK policymakers to seize the moment and position the country as a global leader in digital assets.
Ripple's decline has stalled at the critical $2 support level, with price action remaining subdued. This suggests low market activity, leading to a short-term consolidation phase.
XRP becomes notably bullish in the derivatives market.
XRP might be on the verge of a potential price breakout targeting the $3 spot based on its short-term technical setup.
Popular cryptocurrency XRP is on the verge, and this time it's for real. The thing is, after days, if not weeks, of flirting with $2, the price of the third largest cryptocurrency finally seems to be breaking below that coveted mark.
Since XRP is having trouble holding onto its position above important support levels, its recent bullish momentum seems to be waning. Following a positive recovery from $1.95, a level which is also the 200-day EMA (black line on the chart), XRP was able to approach the $2.20-$2.30 resistance zone.
A Korean financial analyst who uses the name XForceGlobal has made bold claims about XRP's future price, stating the cryptocurrency could reach between $10 and $20 in the coming months. The confident prediction comes even as XRP currently trades at $2.07 and the broader cryptocurrency market struggles through a prolonged downtrend.
XRP, the fourth-largest cryptocurrency by market capitalization, is trading at around $2.14, up 3.22% in the last 24 hours, according to CoinMarketCap. Following its dip on April 2, XRP has rebounded, marking its third straight day of gains.
Ripples U.S. dollar-pegged stablecoin, RLUSD, has soared to a $293 million market cap since launching in mid-December 2024, according to CoinMarketCap. The assets 24-hour trading volume sits at $36.12 million, reflecting rapid institutional adoption.
XRP defied broader market pressure on April 5, surging 6% to $2.16, according to TradingView data. The tokens 24-hour trading volume also climbed 15.04% to $4.3 billion, signaling heightened market interest.
The past week was a whirlwind of activity in the cryptocurrency world. From Ripple's concerns about the UK's crypto regulation to Circle's renewed public listing ambitions, and the anticipated Bitcoin price surge, there was no shortage of intriguing developments.
David Schwartz, the chief technology officer at Ripple, recently revealed that he had sold his stocks at a loss on Friday for the purpose of tax-loss harvesting.
The crypto market is under selling pressure in the early Sunday session, and XRP, the fourth-largest cryptocurrency by market cap, is taking a hit.
As a coin that's inextricably linked to the volume of global money transfers, XRP (XRP -2.61%) is in a bit of a pickle at the moment. While it's unclear whether the new package of tariffs announced on April 2 by the Trump administration will actually be put into practice, it is no surprise that the coin's price fell by 8% on April 3.
Ripple (XRP -1.76%) has been a terrific long-term investment. Since 2017, the value of this popular cryptocurrency has risen by more than 1,500%.
While the crypto market seeks new breath after a dynamic start to the year, XRP is sinking into a bearish spiral. Ripple's asset has already lost more than 35% since its peak in January, and technical indicators point to a possible worsening.
Renowned market analyst Egrag Crypto has shared another puzzling XRP price prediction stating the altcoin is at a major technical crossroads. This development follows a resilient price performance in the past week during which XRP gained by 2.07% as the broader crypto market stands bullish despite the announcement of new US trade tariffs.
XRP, Ripple's native token, is strongly holding its key support level at $1.95, even after a major price drop in recent days. The daily chart shows that XRP has retested this level more than eight times, and each time, it has bounced back with strong upward momentum.
A $143M XRP whale move fuels speculation as bulls eye a breakout past $2.60.