XRP News: XRP Fell Below $2 Support, Analysts Warn of Drop Toward $1.70

XRP has plunged over 15%, slipping below the crucial $2 mark. The drop comes amid a sharp market correction hitting major cryptos. Bitcoin has slipped under $78,000, while Ethereum trades below $1,600. The breakdown in RSI has erased recent bullish momentum, reinforcing the ongoing bearish trend. Analysts point to a long-standing bearish divergence on the 5-minute chart, now playing out in full. Ripple is testing key support between $1.77 and $2.04. If it breaks below $1.77, a further drop to $1.70 is possible. However, if the XRP Price can reclaim support, it could recover quickly. Volatility remains high, creating uncertain but active conditions.

XRP Downside as Price Falls Below $2

In the latest XRP news, the token has taken a significant hit. It dropped over 15% and fell below the psychological $2 level. This decline mirrors a broader market sell-off, with BTC tumbling below $78,000 and ETH trading under $1,600. The correction appears to be driven by macro pressure and technical breakdowns across major altcoins. XRP’s technicals are showing signs of stress. XRP is hovering around a key support zone between $1.77 and $2.04. A break below $1.77 could lead to a deeper drop toward $1.70–$1.65, according to analysts.

On the flip side, if buyers manage to push the price back above $2, XRP could regain short-term strength. Despite the drop, volatility could offer opportunities for swing traders. Many are closely watching the next moves to see if the current trend continues or if the market stabilizes. For now, XRP prediction models remain cautious, with sentiment leaning bearish unless a strong recovery occurs. 

XRP Price Analysis of April 7

The trading day of April 6th opened under the influence of overbought conditions from the previous day, reaching a high near $2.1594 before facing resistance. At 1:30 UTC, a death cross on the MACD line triggered a downward channel, initiating a bearish shift. Multiple oversold signals appeared throughout the day, indicating sustained selling pressure. By 4:00 UTC, XRP price briefly found support at $2.0457 during another oversold moment. However, that level failed to hold, confirming a breakdown and pushing the price into a lower trading zone.

Chart 1, analyzed by ShwetaCW, published on TradingView, April 7, 2025

As illustrated in Chart 1, the bearish momentum persisted until April 7th. At 2:20 UTC, another death cross on the MACD line reinforced the downtrend. By 4:45 UTC, continued oversold pressure brought XRP to a new support level of $1.7791. If the downward momentum continues, XRP prediction models suggest the price could fall further, potentially testing the $1.7000 level. Alternatively, a bullish reversal could see XRP retesting resistance at $2.057, its former support. A breakout above this level may open the path back to $2.15 or higher. 

XRP Price Prediction

The XRP news of a sharp 15% drop aligns with technical signals that predicted this downturn. As seen in the price analysis, a death cross and multiple oversold conditions confirmed bearish momentum, pushing the token into a lower trading zone. If the current trend holds, the XRP price may test the $1.70 level next. However, a bounce back above $2.05 could shift sentiment. For now, the XRP prediction remains cautious, with market participants watching closely for a decisive move in either direction.