With the cryptocurrency market now valued at a staggering $2.66 trillion, all eyes in the investment world are glued to the charts, watching for any signals of things settling down or if further dips are on the horizon. In this article, we’re going to zero in on XRP’s recent moves and try to get a sense of where its price might be headed soon.

Crypto Market Overall Crash

The crypto world has been experiencing a bit of a shake-up lately, with the overall market taking a 7.5% tumble just in the last day. This downturn has pretty much touched every major cryptocurrency out there, bringing the total market value down to $2.66 trillion. Big names like Bitcoin and Ethereum, along with many other altcoins, have all seen notable losses, and XRP hasn’t escaped the trend either. As the general feeling in the market shifts and investors rethink their strategies, it’s really important to understand where XRP stands amidst this wider pullback.

XRP Price Analysis: What Happening to XRP?

Right now, XRP’s price is hanging around the $2 mark, which seems to be acting as a pretty solid base. However, recent performance has been a bit worrying, with a 9% drop in the last 24 hours and an even bigger 23% slide over the past week. These dips are definitely reflecting the wider market mood, but that $2 support level for XRP is key. If it can’t hold here, we might see further price drops. Some lower price targets are starting to appear – potentially $1.80, $1.50, and even $1.20 if the market goes through a more serious correction. Traders are keeping a very close watch on what happens next, because if the price breaks through these levels, it could trigger a more significant wave of selling.

XRP/USDT 1-day chart – TradingView

XRP Price Prediction: Will XRP Price reach $1?

Considering everything that’s happening in the market right now, it’s really important to think about what might be next for XRP’s price. If this current market slump continues, we could see the price fall even further, testing those lower levels at $1.80, $1.50, and $1.20. On the flip side, if XRP manages to hold onto its $2 support, there could be a chance for things to calm down and the price to bounce back – assuming the wider market starts to look healthier. Either way, investors need to be careful right now and keep an eye out for any signs that the market might be turning around. No matter which way it goes, the next few days are going to be crucial in shaping where XRP’s price is headed.