XRP is facing a tough battle as its price continues to slide, marking its fourth consecutive day in the red. Currently trading at $2.31, the token has lost steam despite a string of positive developments for Ripple. Analysts warn that if key support levels break, XRP could plummet to $1.
What’s Dragging XRP Down?
Like other altcoins, XRP has been hit hard by economic concerns and geopolitical tensions. The latest blow comes from:
📉 U.S. Economic Data: Rising inflation and slowing consumer spending are fueling recession fears.
🇺🇸 Trump’s Tariffs: The upcoming April 2 trade measures are unsettling global markets.
📊 Stock Market Sell-Off: Major indices, including the Dow Jones, Nasdaq 100, and S&P 500, all fell over 2% this week.
Ripple’s Big Moves Aren’t Enough (Yet)
Despite bearish market conditions, Ripple continues to make strides:
✔️ Chipper Cash Partnership – Expanding its presence in Africa.
✔️ Regulatory Wins – Secured a money transmitter license in New York and UAE.
✔️ SEC Lawsuit Ends – Opening doors for more partnerships with U.S. firms.
These achievements should be bullish for XRP, but market uncertainty is overpowering positive momentum.
Technical Analysis: Will XRP Hold or Fall?
XRP has formed a Head & Shoulders pattern—one of the most bearish setups in technical analysis.
⚠️ Key support: $1.95 – If broken, XRP could drop sharply.
⚠️ Next major level: $1.00 – A breakdown could send the token into a deeper downtrend.
⚠️ Resistance: $3.00 – Bulls need to reclaim this to shift momentum.
The Bottom Line
XRP is at a make-or-break moment. If $1.95 holds, a rebound is possible. But if selling pressure persists, a fall to $1 could be on the cards. Traders should watch these levels closely as the market remains volatile. 🚨
