XRP Price Plummets to $2.24—Will It Collapse to $1.50 or Rebound?

XRP price is at a real turning point right now. It’s hovering around $2.24 after taking a nasty 9% hit in just the last day.

The whole crypto market’s been kind of a mess lately, and XRP’s feeling the heat.

People are all over the place on this—some think it’s gearing up for a comeback, while others are bracing for a nosedive down to $1.50.

It’s like XRP’s standing at a crossroads, and the next few days could tell us whether it’s about to rally or totally tank.

XRP’s BTC Pairing Enters Uncharted Territory

Over the past month, it’s up 31% compared to BTC, which is no small feat. Sure, it’s down 15% in the last week, but that’s still a solid run.

This guy on X, EGRAG CRYPTO, was pointing out how XRP’s been stuck in this weird consolidation zone—trading between 0.00003 BTC and 0.000023 BTC for a while now.

He says it’s not like the old days when XRP would just spike and then crash back down.

This time, it feels like it’s digging in, maybe setting up for something bigger.

Unlike previous market cycles where XRP surged past key resistance levels only to retrace, this time, it appears to be forming a solid base.

Currently trading at 0.00002580 BTC, XRP’s ability to sustain this range may be crucial in determining whether a breakout or breakdown is imminent.

EGRAG emphasized that a foundation-building phase at these levels could set the stage for a more sustainable rally.

However, if XRP closes below 0.000023 BTC, it could trigger a bearish shift in sentiment.

Another analyst, Ali Martinez, threw a curveball too. He’s saying XRP just broke out of this ascending channel pattern it’d been climbing in, and that’s usually bad news.

He’s guessing it might sink as low as $1.65, which doesn’t exactly inspire confidence.

XRP Price Faces Key Support at $2—Breakout or Breakdown?

XRP price action suggests a make-or-break moment, with $2 emerging as a psychological support level.

Analysts warn of a potential drop to $1.50 if the token fails to maintain this threshold.

XRP price recently broke below a multi-month symmetrical triangle, a pattern associated with strong trend movements.

This breakdown, coupled with falling open interest (OI), suggests increased selling pressure.

Data from CoinGlass reveals that XRP’s OI has plunged 20%, dropping from $3.63 billion to $2.93 billion.

Historically, such declines have preceded major price drops.

Additionally, funding rates have flipped negative, signaling bearish dominance in the derivatives market.

More than $57.6 million in long positions have been liquidated in the last 14 hours, further adding downward pressure on XRP.

Will XRP Rebound to $4 or Sink to $1.50?

Despite the recent slump, some analysts maintain a bullish outlook. EGRAG believes that a close above $2.60 could revive bullish momentum, potentially pushing XRP toward $4.

Meanwhile, breaking below $2.00 would expose the token to further downside risks, with a $ worst-case scenario targeting $1.50.

“Our key focus now is holding $2.30—dropping below it could mean a freefall,” EGRAG warned.

The recent crypto downturn coincided with U.S. President Donald Trump’s remarks on tariffs, which caused widespread market uncertainty.

XRP reacted negatively, dropping 22% in two days as investors rushed to offload riskier assets.

Adding to the bearish sentiment, whales have offloaded over 81 million XRP to exchanges, increasing selling pressure.

However, analysts note that XRP’s Relative Strength Index (RSI) is nearing oversold levels, which could trigger a relief rally.

EGRAG’s still holding out hope—if XRP can claw its way back above $2.30, it might turn things around.

A close above $2.60 could really get the bulls excited, maybe even pushing it toward $4.37 if Bitcoin hangs around $95,125.

But if it can’t hold $2.00, we’re talking a 30% drop to $1.50, and nobody wants that.

With February wrapping up soon, XRP’s got to figure out if it’s got the guts to push through this mess or if it’s just gonna roll over.

I’ll be keeping an eye on those resistance levels—$2.60’s the big one to watch.