{"id":8831,"date":"2025-06-09T17:38:10","date_gmt":"2025-06-09T16:38:10","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=8831"},"modified":"2025-06-09T17:40:31","modified_gmt":"2025-06-09T16:40:31","slug":"xrp-price-drop-below-2-reasons","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/xrp-price-drop-below-2-reasons\/","title":{"rendered":"Why XRP Dropped Below $2 This Week : Key Factors Explained"},"content":{"rendered":"\n

XRP Sees a 4% Gain Today<\/h2>\n\n\n\n

The price of XRP<\/strong> has experienced a 4% increase<\/strong> today, driven by the adoption of Ledger XRP<\/a> and the Web3 Salon in Japan. However, despite these recent gains, the token faces a high risk of dropping below $2<\/strong>, potentially reaching $1.70<\/strong> due to a bearish technical<\/a> backdrop.<\/p>\n\n\n\n

Currently, XRP is trading<\/a> at $2.23<\/strong>, with a daily low of $2.20<\/strong> and a high of $2.29<\/strong>. Transaction volumes have increased by 95% to $2.78 billion<\/strong>. However, XRP’s price faces persistent technical hurdles<\/strong>, with repeated rejections at the 50-day Simple Moving Average (SMA) level. Additionally, the formation of a bearish descending triangle could lead to a drop towards $1.79<\/strong>.<\/p>\n\n\n

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Source: TradingView<\/figcaption><\/figure>\n<\/div>\n\n\n
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Expert Forecasts a Drop to $1.70<\/h2>\n\n\n\n

According to analyst Ryan Lee of BitGet, the price of XRP is at risk of dropping to $1.70<\/strong> in the short term, even with some bullish stability around $2<\/strong>. Additionally, the recent formation of a “death cross” has also urged traders to exercise caution<\/strong>, reinforcing the bearish scenario.<\/p>\n\n\n\n

Coinglass<\/em> data indicates that many traders<\/a> are opening long positions<\/strong> on XRP, which could have a long-term bearish effect. On Binance, the long\/short ratio is 2.45<\/strong>, with 72% of derivative traders betting on gains. This excessive long position could increase the risk of a bullish “squeeze” in case of an unexpected price drop.<\/p>\n\n\n\n

Despite the recent price recovery of the Ripple token<\/a>, technical signals remain mixed<\/strong>. While XRP has benefitted from Ledger adoption by the Japanese Web3 Salon, constant rejections at the 50-day Simple Moving Average, coupled with the formation of a descending triangle, hint at a possible drop below $2, potentially down to $1.70. Traders need to remain vigilant<\/strong> amid this potential bearish outlook.<\/p>\n\n\n\n

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Buy XRP on Bitget !<\/a><\/div>\n<\/div>\n\n\n\n

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