The cryptocurrency market continues to struggle and XRP has taken a brutal hit. In the last 24 hours, the price of XRP has fallen by more than 10%and dropped under the important $ 2 marking at the time of writing. The total market capitalization has fallen to $ 3.04 trillion, a decrease of almost 5% in the last 24 hours. Cryptocurrencies such as Bitcoin have fallen to $ 99,000 and lost more than 4%, while Ethereum went out of more than 10% to $ 2,179. Popular altcoins such as Solana, BNB, Dogecoin and Cardano have also registered losses between 4% and 9%. Market sentiment has become red, with the anxiety and greed index now at 40.
XRP -Price forecast:
At the daily price diagram, XRP has broken a crucial level of support around $ 2.07. Experts had warned that if this level did not hold, the price could slide even further – and that is exactly what happened.
Now experts are watching the next important support zone, which is between $ 1.92 and $ 1.95. If XRP continues to fall and breaks under $ 1.91, the next possible goal can be around $ 1.80 to $ 1.79, where some price action in the past and Fibonacci levels suggest that support could appear.
No strong recovery signals have been formed in the short -term graphs. Analysts hoped to see signs of a bullish divergence, which would indicate a possible jump, but so far no clear confirmation has appeared. As a result, the trend for XRP Beerarish remains, and unless Bitcoin and the wider crypto market improve, XRP can be confronted with pressure.
The market remains very volatile, especially with the increasing Bitcoin -Dominance and the global tensions that weigh heavily on risk assets such as cryptocurrencies. The American Federal Reserve is also under pressure. Analysts also noted that the FED recently did not reduce interest rates due to the growing instability, and this new conflict makes the economic situation even more difficult.