XRP Crashes to $1.9: Is Ripple’s Token Heading for Deeper Trouble?
XRP plunges below critical support—traders brace for what comes next.
The Technical Breakdown
Ripple's token just sliced through the $2.00 barrier like it wasn't even there. Now sitting at $1.90, the charts show zero signs of a bounce. Trading volume spikes as panic selling takes over—classic capitulation pattern emerging across all major exchanges.
Market Psychology Shift
Investors who rode the previous rallies now face brutal margin calls. The fear isn't just about price action—regulatory uncertainty continues hanging over XRP like a guillotine. Meanwhile, bitcoin maximalists are having a field day watching 'altseason' turn into 'alt-carnage.'
Institutional Reaction
Hedge funds that piled in during the last rally now quietly unwind positions. The smart money always exits first—retail gets left holding the bag. Another reminder that in crypto, your 'investment' is someone else's exit liquidity.
Where's the bottom? At $1.90, technical support levels vanish faster than a politician's promises during election season. This could get much uglier before it gets better.
Will XRP Plunge Further?
Not just XRP, but the entire financial market, crypto, and equities are down this week. The overall cryptocurrency market cap has decreased by 31% since reaching a new high in October. Investors’ optimism that the central bank will cut interest rates for a third time has faded. Coming to the stock market, the Nasdaq Composite index fell by 486 points on Thursday. The Dow Jones index plummeted 386 points while the S&P 500 dipped by 103 points.
So, Why Is The Market Falling?
The Feds might not cut the interest rate as the jobs data looks gloomy. On average, the US added 44,000 jobs last quarter, which is barely trading water. The unemployment rate has reached 4.4%, which is the highest level since 2021. While 2021 was understandable due to the Coronavirus, the situation now does not justify the means. Since the macroeconomic conditions are not suitable for a rally, XRP’s price is under pressure.
More downturn could be expected in the coming weeks, and the market could face corrections. XRP is yet to bottom out, and it’s best to wait and watch before taking an entry position. This protects your capital from volatility and allows you to buy time before investing.
