XRP and Dogecoin tumbled more than 8% in a brutal 24-hour selloff, leaving crypto investors scrambling for support levels. XRP crashed to $2.28, shattering the critical $2.50 support that had previously held firm. Not a good look. The digital asset formed a bearish trend line with resistance at $2.4880 and now trades below its 100-hourly Simple Moving Average—technical jargon for “things look rough.”
Crypto bloodbath hits XRP hard, wiping out key support levels as bearish indicators mount.
The bloodbath wasn’t limited to these two coins. The entire crypto market tanked 5.06% in the same period. Bitcoin slid to $92,017, down 3.87%, while Ethereum took an even harder hit, dropping 8.28% to $2,505. Solana holders are having the worst day of all—down a staggering 14%. Ouch.
Technical indicators paint a grim picture. XRP’s RSI dipped below 50, and the hourly MACD accelerated deeper into bearish territory. One silver lining? XRP looks oversold, so a temporary bounce isn’t out of the question. The oversold conditions suggest potential for short-term relief despite the bearish momentum. This downward movement began after XRP failed to maintain momentum above the $2.75 resistance zone. The $2.25-$2.30 range represents the next critical support zone—break that, and we’re in trouble.
What’s behind the massacre? Take your pick: failure to maintain momentum, global stock market jitters, tariff concerns, and that pesky $1.5 billion Bybit hack. Experts recommend moving assets to hardware wallets for enhanced security during market volatility. The market’s clearly lacking positive catalysts right now.
Traders got absolutely wrecked, with $1.5 billion in liquidations across exchanges. Some were clearly betting on the wrong horse. Trading volumes spiked during the decline—panic selling at its finest.
Analysts are split on what happens next. Some predict more pain ahead, while others shrug it off as typical crypto volatility. Key levels to watch for XRP include resistance at $2.3250, $2.40, and $2.4880, with support at $2.250, $2.220, and lower.
Bottom line: the crypto market’s having a bad day. Total market cap has dropped to $2.99 trillion. Maybe check your portfolio tomorrow. Or next week.
