XRP dropped 3% to $2.09! Trump’s altcoin rule, market liquidations, and low demand are making things worse.
XRP just took another hit, dropping 3% in 24 hours from $2.25 to $2.09. It’s now down 34% since its January all-time high of $3.40.
What’s wrecking XRP? U.S.-China tensions are rising, and Trump’s new rule banning taxpayer money from buying altcoins isn’t helping. On top of that, a massive $697.45M liquidation wiped out a ton of XRP trades, per Coinglass.
💰 Low demand? Santiment reports only 4,516 new XRP wallets were created last Sunday—the lowest number this year. Less demand = less price recovery.
📉 Bearish market vibes:
Morgan Stanley’s Michael Wilson predicts a 5% stock market drop in H1 2025. If that happens, XRP and other cryptos could bleed even more as investors shift to safer assets like bonds.
XRP is holding its $2.10 support zone for now, but traders aren’t convinced. Short positions dominate ($372M vs. $114M in longs), meaning most traders bet XRP will keep falling.
Can XRP hold the line, or is a bigger crash coming?
Also Read: Bitcoin Crashes to $77K After Trump’s Crypto Reserve Plan—Altcoins Bleed Hard
