Is XRP About to Fall Below $1? Key $2.20 Support Faces Intense Pressure
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XRP faced a sharp decline over the weekend as the broader crypto market reacted to President Trump’s highly anticipated crypto summit.
From Friday to Sunday, Ripple’s native asset plunged 17.8%, with traders executing a classic “sell the news” move following Trump’s announcement of a Bitcoin Strategic Reserve and a Digital Asset Stockpile for altcoins.
XRP has struggled throughout the past week, posting a 17% loss. However, it remains the strongest performer among the top five cryptocurrencies, holding onto a 5.4% gain for the year.
Meanwhile, Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) have all recorded annual losses of 11.6%, 36.4%, and 32.2%, respectively.
XRP Dips Below Support – Will It Fall Lower or Bounce Back?
XRP’s price action has broken down from a descending triangle pattern, a bearish structure that has placed increasing pressure on the $2.10 support level.
The token has attempted multiple rebounds from this zone, but each bounce has resulted in a lower high, indicating weakening bullish momentum.
In the past 24 hours, XRP has dropped 2.8% and is now retesting the lower boundary of this structure. Trading volume remains elevated, but the lack of a strong reversal suggests that sellers are still in control.
If $2.10 fails as support, the next major level to watch is $1.72, where XRP last found stability during its February low. A confirmed breakdown could expose the market to a deeper 21.6% correction.
Momentum indicators also point to growing bearish pressure. The relative strength index (RSI) has fallen to 38, approaching oversold territory but still lacking signs of an immediate reversal.
If XRP cannot reclaim $2.20, further downside towards $1.95 and potentially $1 remains on the table.
MIND of Pepe (MIND) Enters the Final Days of Its Presale with $7M Raised
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