Ripple Buyers Eye Support Levels Where the XRP Crash Might End
Cryptocurrencies have tumbled lower over the weekend due to US tariffs, with XRP dipping below $2.50, but there are signs of a bounce off the support, which comes around $2,50 for Ripple coin.
With the White House administration reigniting trade fears through fresh tariffs on China, Canada, and Mexico, financial markets and the crypto market in particular are experiencing heightened volatility. Traders remain on edge, closely monitoring the evolving situation as global risk sentiment wavers. Cryptocurrency markets, already known for their rapid price swings, have been particularly sensitive to these developments, with investors bracing for further uncertainty.
Ripple Daily Chart – The $2,50 Level Has been Breached
The altcoin market saw a sharp reversal on Friday as news of impending tariffs spread, triggering a wave of selling that intensified over the weekend. Ripple (XRP) breached key support levels, first breaking below the $3 level on Saturday and then sliding further to $2.50 on Sunday. However, the $2 area remains a critical support zone, where traders are watching for potential stabilization. Meanwhile, Bitcoin and Ethereum have also struggled, with BTC/USD once again dipping below $100K and ETH/USD dropping beneath $3,000. If Bitcoin continues its descent, the next major support level is around $90K, where some traders, including ourselves, are preparing to enter long positions. Similarly, we are looking for buying opportunities in XRP/USD around the $2 mark if bullish signals emerge.
Ripple Traders Eye Technical Indicators Amid Uncertainty
Beyond trade policy developments, crypto market participants are closely watching technical indicators for signs of potential reversals. One key metric is the stochastic indicator on the daily chart, which, if it falls to the 20 level—typically considered oversold—could signal that selling pressure is subsiding. So, the first possible reversal Zone is the current area around $2.50, where we are seeing buyers coming in. If this zone is broken, then the next major support zone comes around $2, which has offered solid support on several occasions.
However, caution remains paramount, as geopolitical events and policy shifts continue to weigh on sentiment. Additionally, futures markets may open with a downside gap, potentially leading to further repricing of crypto assets. Given the prevailing uncertainty, traders are navigating this environment with heightened vigilance, ready to adjust their strategies as market conditions evolve.
Ripple Live Chart
