The crypto market is going through another rough patch, and XRP is taking the biggest hit among the top 10 cryptocurrencies. According to CoinGecko, XRP has dropped by 4.5% in the last 24 hours, now trading at $2.09 after hitting a low of $2.08. This makes it the worst performer among the top 10, even worse than Cardano (ADA), which fell 4.4%.
XRP is getting close to an important support level at $2.00, a price it hasn’t fallen below since May 11. Over the past week, XRP has dropped by 14%, making it the worst-performing crypto among the top 20. In comparison, Bitcoin (BTC) is down 5.5%, while Ethereum (ETH) and Solana (SOL) have dropped 11.6% and 9% respectively.
Ripple’s SEC Victory Didn’t Help XRP Price
On March 19, Ripple CEO Brad Garlinghouse announced that the legal battle with the U.S. Securities and Exchange Commission (SEC) had ended. Initially, this pushed XRP’s price up to $2.6, but the excitement didn’t last. Since then, the price has dropped by about 20%, showing a “sell-the-news” effect where traders sell after big news events.
Even last week’s final confirmation of the lawsuit’s closure didn’t help XRP’s price recover.
A major reason for XRP’s price drop is the large number of coins being sold by whales (big investors). Reports show that whales have sold 1.12 billion XRP, worth about $2.3 billion, in just two days. This massive sell-off, equal to about 2% of XRP’s total market value, has pushed the price down even further.
Technical Indicators Show More Downside Risk
Looking at the charts, XRP is struggling to move higher. A downward trend has formed, with resistance at $2.148. If XRP can’t break above $2.15, it may continue falling. The next key support levels are $2.08 and $2.05, with $2.00 being a critical price level to watch.
If XRP falls below $2.00, the next major support is around $1.88. On the other hand, if it rises above $2.20, it could aim for $2.25 or $2.28.
XRP isn’t the only asset struggling. Global financial markets are also facing pressure due to rising trade tensions. Japan’s Nikkei index recently dropped more than 4%, and these economic concerns are affecting crypto prices as well.
Another issue for XRP is that fewer people are searching for it online. Google Trends data shows that XRP’s search interest has hit its lowest level of 2025, despite Ripple winning its lawsuit. This suggests that the hype around XRP is fading.
What’s Next for XRP price?
XRP is at a critical point, and the next few days will determine if it holds above $2.00 or continues to drop. A potential game-changer could be the approval of an XRP exchange-traded fund (ETF) later this year, which could bring fresh interest and demand.
Highlighted Crypto News Today
South Korean crypto scammer jailed for $460,000 Crypto Fraud
