XRP's Sudden Price Drop: What to Expect Next

crypthub

1 day ago

Flash Crash Triggered by Trade Tensions

Trading on Friday saw a dramatic XRP price drop triggered by escalating U.S.–China trade tensions and President Trump's tariff announcement. The sudden news sparked a market reaction, impacting equity and crypto prices, and resulting in over $150 million in futures liquidations. This event demonstrated XRP's vulnerability as a high-beta asset in a risk-averse environment.

Swift Recovery and Support Levels

Following the crash, XRP experienced a quick rebound, consolidating in the $2.30–$2.40 range. This recovery suggests many viewed the price movement as an overextension. Key support zones to watch include $2.30–$2.35 and $2.20, while resistance lies between $2.80 and $2.90.

Macro Risks and Future Outlook

The path for XRP's price depends on Bitcoin's stability, risk sentiment, and rebuilding of market interest. Ongoing uncertainty surrounding trade tensions and potential challenges for Bitcoin could trigger renewed selling pressure. However, anticipated XRP ETF approvals and regulatory clarity remain positive catalysts for the asset.