The crypto market just slipped back into the red, losing over 2.5% in the past 24 hours. $Bitcoin has fallen below key resistance levels, and altcoins are following — but $XRP appears to be under particularly heavy selling pressure.
Currently trading around $2.51, XRP is clinging to its short-term support zone. Traders are now questioning whether this level can hold, or if the token is about to test the $2.00 region — a level that could trigger widespread panic among holders.
From a technical perspective, XRP’s chart looks fragile. The price has fallen below both the 9- and 21-period moving averages, signaling a short-term trend reversal. Unless bulls regain control soon, the path of least resistance remains downward.
XRP/USD 2-hour chart - TradingView
The RSI is sliding near 44, pointing toward growing selling momentum but still leaving room before hitting oversold territory. Meanwhile, the MACD lines are diverging deeper in negative territory — a clear sign of bearish momentum building.
If XRP fails to stabilize above $2.50, a cascade toward $2.20–$2.00 becomes increasingly likely.
This move isn’t isolated. The broader market downturn — led by Bitcoin and Ethereum corrections — is fueling fear across altcoins. Liquidity is drying up, and traders are de-risking ahead of upcoming macroeconomic events in early November.
The sentiment shift is visible across social platforms: rising mentions of “XRP crash,” “support break,” and “retest of $2” highlight how the crowd is preparing for further losses.
While the current setup favors sellers, a relief bounce is still possible if bulls defend key levels. Watch for:
If these signs appear, XRP could attempt a rebound toward $2.80–$3.00, especially if Bitcoin stabilizes above the $110K region.
For now, fear dominates the XRP chart. The $2.50 support is holding by a thread, and a clean breakdown could send the token sliding closer to $2.00, a level unseen in weeks.
While it hasn’t crashed yet, the warning signs are clear — a single sharp move could ignite panic selling across the market. Until sentiment improves, traders should stay cautious as volatility remains high.