The XRP price dropped by over 7% in the last 24 hours to trade at $1.96 as of 04:34 p.m. EAT despite its trading volume surging 88% to $4.06 billion.
XRP has plunged below the $2 mark amid mounting geopolitical tensions, as reports confirm a U.S. bombing campaign in Iran.
The drop follows a stark warning from President Donald Trump, who said he would decide how the U.S. responds to the escalating Iran-Israel conflict.
Iran’s deputy foreign minister had earlier cautioned that any U.S. involvement would unleash “hell on the region,” and now, with Russia also hinting at joining the fray, traders are on edge.
Charts continue to flash warning signs as markets brace for Iran’s next move in what could become a global flashpoint.
XRP Price Symmetrical Triangle’s Break Signals Bearish Momentum
The Ripple price has smashed through a critical symmetrical triangle, with the blue trendlines marking the breakdown, which would show a bearish breakout.
The XRP’s price recent break below the $2 psychological level confirms the bears, as per GeckoTerminal data.
Zooming into the indicators, the price of XRP is now trading below both the 50-day moving average ($2.2651) and the 200-day moving average ($2.3694), further confirming that the bears are in control.
The recent breakout is also accompanied by rising volume (126.081K), which backs this downside move, adding legit weight to the bearish sentiment.
The Moving Average Convergence Divergence (MACD) shows a bearish crossover, with the signal line dipping below the MACD line.
Additionally, the histogram bars are turning more negative, doubling down on the downward pressure.
However, the RSI (Relative Strength Index) is sitting at 32.96, which is in oversold territory (below 30).
This could hint at a short-term bounce if buyers jump in, but the overall trend remains bearish as the current geopolitical tension continues.
Ripple Token Price Might See A Bounce
In the short term, the XRP price could test the next support level around $1.8648 if sellers continue to offload their tokens.
Furthermore, if the U.S.-Iran and Israel conflict continues to escalate, prompting other countries like Russia to join, the XRP price risks diving to $1.5 or even $1.0.
On the flip side, if things calm down in the next few days and the markets stabilize, XRP could reclaim the $2.2651 resistance level. A breakout above this crucial level might ignite a rally back to $2.5, and above that.
The long-term price outlook for the Ripple Token lies on Ripple winning its legal battle against the S.E.C., along with other macro conditions. However, the recent geopolitical shock could delay any bullish catalysts.
For now, traders should watch the $1.80 level. A break below could trigger a sell-off rush toward deeper supports. Traders should wait for clear signals before jumping in again.
