XRP Breakdown Sparks Panic: RSI Collapse Signals Deeper Correction Ahead
After plunging more than 9.37%, XRP has fallen below the critical $2 threshold. The decline coincides with a severe market correction that is affecting major cryptocurrencies. Recent bullish momentum has been destroyed by the RSI breakdown, which has strengthened the current bearish trend. The 5-minute chart has a long-standing bearish divergence that is now fully manifested, according to analysts.
Key support between $1.77 and $2.04 is being tested by XRP. It could tumble even lower to $1.70 if it drops below $1.77. The price of XRP might, however, rise swiftly if it can regain support. Conditions are unpredictable but active due to the high level of volatility.
XRP Price Forecast: Further Drop Likely Unless Bulls Reclaim $2 Zone
Token has suffered a serious setback recently. It went below the psychological $2 mark and by more than 15%. With ETH trading below $1,500 and BTC plunging below $75,000, this loss reflects a larger market sell-off. Technical breakdowns across the main altcoins and macro pressure seem to be the main causes of the correction.
There are indications of stress in XRP’s technicals. The price of XRP is circling a crucial support area between $1.77 and $2.04. Analysts predict a steeper decline toward $1.70 to $1.65 if the price breaks below $1.77. On the other hand, XRP might restore its short-term strength if buyers are able to drive the price back above $2. Until there is a significant recovery, XRP prediction models are still cautious, and sentiment remains gloomy.
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