- Ripple has plunged over 11%, breaking key support levels and raising the possibility of falling below $1.00 amid a broader crypto market sell-off.
- With technical patterns collapsing and investor sentiment turning bearish, XRP faces intense downward pressure.
Ripple is facing one of its most dramatic downturns in recent memory. In the last 24 hours, the cryptocurrency has plunged over 11%, crashing through its crucial 200 EMA support level at $1.19. Now trading below $1.70, XRP appears to be in full bearish reversal mode, with fears rising that it could soon “add a zero”—crypto slang for plummeting into a lower decimal range, potentially below $1.00.
Market Meltdown: Black Monday for Crypto
This drop isn’t isolated. The broader crypto market is enduring a severe correction, with over $1.33 billion in liquidations recorded in just one day. Rising trade tensions between the U.S. and China, fueled by new tariffs, have driven investors to flee riskier assets like crypto—creating what many are calling a “Black Monday” for digital currencies.
Technical Breakdown: From Wedge to Trap
What once looked like a recovery setup—a descending wedge—has now collapsed. The chart shows a complete failure of the $1.95 support level, transforming the pattern into a bearish trap. With no immediate bullish momentum, Ripple could soon test the $1.50 level. Should that break, psychological support at $1.00 may come under fire.
Ripple Bears in Control: Market Sentiment Turns Sour
Adding to the gloom is the overall shift in market sentiment. In Bitcoin markets, open interest is rising even as prices fall—a signal that traders are heavily shorting. Funding rates and volume deltas are also pointing to a more defensive, bearish posture across crypto markets.
Is Sub-$1 XRP a Reality?
XRP has weathered many storms in the past, but the current confluence of technical weakness, macroeconomic stress, and investor fear makes this moment particularly critical. A dip below $1.00 is no longer unthinkable. Investors should closely monitor the $1.50 and $1.00 levels, which could act as the final defensive lines before XRP truly adds a zero.
