XRP Price to Revisit $2 if This Support Fails, Here’s All

The broader crypto market continued to stay in the red, with the lack of positive catalysts failing to boost market sentiment.

That said, Bitcoin price hovered near the $111k mark at press time, while the altcoins also followed suit, moving south.

Amid this, XRP price was among the top laggards in the leading crypto list, losing more than 2% of its value during writing.

Market experts cited the current pullback to the gloomy sentiment hovering in the broader crypto market.

Meanwhile, it appears that the market pundits, who were bullish even after last week’s crash, are also turning cautious on the future trajectory of the asset.

In a recent XRP price prediction, a renowned expert said that the crypto is likely to fall below the $2 mark again.

It’s worth noting that last week’s crash has dragged down the Ripple coin price to as low as $1.5.

Now, the experts have also highlighted key support and resistance levels for the asset, which may decide the fate of the crypto.

XRP Price Slips Amid Market Uncertainty

Amid the gloomy XRP price prediction, the crypto has lost more than 2.5% and exchanged hands at $2.43 during writing.

Its trading volume also continued to fall, noting a decline of 8.5% from yesterday to $5.8 billion.

Notably, the Ripple coin price has moved in the range of $2.36 and $2.52 in the last 24 hours. The weekly chart shows a plunge of over 13% while the monthly chart shows a hefty loss of over 20%.

It seems that the current decline is mostly influenced by the retreat in the broader crypto market.

During writing, the global crypto market cap fell 1.3% to $3.78 trillion, with almost all the top assets moving to the negative territory.

The digital assets have faced massive selling pressure since last week, triggered by the US President Donald Trump’s threat to impose hefty tariffs on China.

In retaliation, China also vowed to fight the trade war to the end, which has spooked investors over its impact on the global economy.

XRP ETF Delay Further Weighs on Sentiment

Amid the geopolitical woes, the US Government shutdown has further impacted the broader market sentiment.

Although the news has been a boon initially for the risk-bet assets like gold, Bitcoin, and altcoins, the picture soon changed.

For context, the market participants eagerly await the US SEC to greenlight the XRP ETF as soon as next week.

However, the shutdown has fueled concerns over a potential delay in the approval process, dampening the investors’ sentiment.

As a result, not only the XRP price, but the broader altcoin sector took the hit. Besides, due to the absence of any positive catalysts, the investors are currently waiting on the sidelines before putting their bets into the market.

Simultaneously, the rally over the past few weeks has allowed traders to book massive profits and exit the market.

Amid this, the experts have also turned cautious, and a renowned analyst has shared an XRP price prediction which indicates a possible crash to $2.

XRP Price Prediction: Analyst Warns of Crash to $2 if This Happens

In a recent X post, analyst Ali Martinez warned that XRP price may be gearing up to revisit the $2 mark again.

In his XRP price prediction, he has highlighted $2.3 as a major support, losing which could drag down its price to that level.

Meanwhile, in a separate analysis, the expert noted that the major support for Ripple coin price is at $2.10.

On the other hand, the key resistance lies at $2.8, breaking which could trigger another strong run for the asset.

Simultaneously, analyst CRYPTOWZRD said that XRP price faces major resistance at $2.55.

According to the expert, a successful break of the level could turn the sentiment into bullish territory and help in a strong recovery for the asset.

On the flip side, the analyst said that if it loses the $2.3 support, a further decline awaits. If the support is lost, the next target would be at $2 and then $1.5.

Having said that, investors should exercise caution, especially with the gloomy sentiment among market participants.

While a break above the resistance levels could trigger a rally, any macroeconomic or geopolitical news may further deepen the selling pressure in the market.