Will XRP Crash to $2? It Could Be About to Get Ugly

by

So, XRP’s got itself into a bit of a mess. We’ve got a “death cross” situation brewing between the 23-day and 200-day moving averages. Sounds dramatic, right? Well, history has this way of repeating itself, and it doesn’t exactly end with confetti and cake.

Right now, XRP is clinging to life at just over $2.20, but it’s about as stable as a toddler on a sugar high. If this death cross shows up like an unwelcome ex, we might be looking at a painful trip back to the $2 level—maybe even lower. So, you know, grab some popcorn.

And no, this isn’t just some boring technical mumbo-jumbo. The last time the 23-day MA did its downward dog routine below the 200-day MA, back in October 2024, XRP dropped faster than your hopes for a quiet weekend—down 10% in just three days. Ouch.

But hold onto your hats, folks. Back in February, the 23-day MA did its thing with the 50-day, and XRP plummeted like it had a hole in its pocket, losing a whopping 32% over the next two months. Then, in May, it did that same bear-ish dance between the 50-day and 200-day averages, right before it tanked another 11%. Just what we all needed, right?

If this death cross decides to stick around like that one friend who doesn’t know when to leave, brace yourself for a potential repeat performance.

On the daily chart, XRP is struggling to hold its ground—just barely hanging on above $2, in a spot that looks like the map of a bad decision. Volumes are low. The market’s in full-on defense mode, and if the price takes a dive below this level? Well, say hello to a free fall toward the $1.85-$1.90 support zone, where things have been looking… oh, shall we say, cozy, since March?

And, if XRP can’t bust through the resistance between $2.26 and $2.32 soon, don’t be surprised if we’re looking at a $2 breakdown. It won’t just be a risk—it’ll be more like the universe demanding it. Cue the dramatic music.

Read More

2025-06-03 14:45