Ripple’s XRP slumped for a fourth straight day Friday, dragged down by a volatile mix of war fears, inflation anxiety, and jittery investor sentiment. The token tumbled to $2.10, shedding over 40% from this year’s peak, and marking its worst week since April. Is there still hope for a comeback—or is more pain ahead?
War Headlines Hit the Crypto Crowd Like a Freight Train
Crypto traders woke up Friday to a nightmare: headlines screaming about Israel launching another round of attacks on Iran. That was all it took to spark a deep red wave across digital assets.
XRP, already on shaky legs since Monday, took another hit as war headlines flooded social feeds and TV screens. Oil prices shot up in response. Crude spiked more than 12% in just 48 hours. And where oil goes, inflation fears tend to follow.
That’s bad news for crypto.
Inflation forces the Fed to stay aggressive, and higher interest rates tend to suck the air out of speculative assets like altcoins. XRP has always been more sensitive to macro shocks than some of its peers. This week proved that point again.
Four Days of Bleeding: What Sparked the Slide?
Let’s break it down.
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XRP hit a short-term high of $2.3344 on June 10.
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Since then, it’s been downhill—four consecutive red candles.
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Friday’s drop was the steepest of the week, with XRP plunging 10% in a single session.
A broader sell-off across crypto didn’t help either. Bitcoin dropped below $58,000 at one point. Ethereum tumbled through $3,100. The total crypto market lost nearly $90 billion in just 48 hours, according to CoinMarketCap.
Meanwhile, Donald Trump’s latest promise of fresh tariffs added fuel to inflation concerns, giving markets yet another reason to sweat. More inflation equals more Fed hawkishness—and less room for speculative bounce-backs.
What the Charts Are Screaming
XRP’s technical setup looks ugly right now. Like, really ugly.
On the daily chart, XRP has fallen below both its 50-day and 200-day moving averages. That’s a classic bearish signal. Even worse, it’s forming what traders call a descending triangle—a textbook sign that more downside could be coming.
There’s support around $1.95, which happens to align with the 50% Fibonacci retracement from the January highs. But if XRP breaks below that?
Brace yourself. The next stop could be $1.50.
Here’s a quick visual breakdown of key technical levels:
| Technical Indicator | Status | Implication |
|---|---|---|
| 50-Day MA | Broken below | Short-term momentum bearish |
| 200-Day MA | Approaching breakdown | Long-term outlook in danger |
| Descending Triangle | Active | Continuation of bearish trend likely |
| 50% Fibonacci Level | Testing | Could trigger deeper correction |
| Psychological Level $1.50 | Not tested yet | Possible target if breakdown occurs |
Of course, patterns don’t guarantee anything. But right now, the path of least resistance is clearly down.
The Bullish Whisper: Is There Light Ahead?
Despite the sea of red, not everything is doom and gloom.
XRP bulls still have a couple of solid arguments up their sleeves. First up: spot ETFs. The SEC is reportedly warming up to the idea of approving crypto ETFs that directly hold XRP. If that gets greenlit, it could trigger massive inflows from institutional investors.
There’s also Ripple’s new stablecoin—RLUSD—which has quietly grown to nearly $400 million in valuation. With interest rates staying high, that’s a sweet spot for yield-hungry traders. RLUSD is starting to gain traction in DeFi circles, especially as competitors like USDC and Tether battle regulatory heat.
Still, optimism alone won’t turn the ship.
Until XRP breaks above that descending triangle and reclaims $2.30, any bounce will likely get sold into. This isn’t 2021. Sentiment is fragile, and the macro backdrop isn’t doing crypto any favors right now.
Will Ripple Bounce Back?
It’s the question everyone’s asking—and the answer depends on both charts and headlines.
From a technical perspective, bulls have lost momentum. The long-term structure is weakening, and if XRP dips below $1.95, it could open the floodgates. That being said, markets move fast, and a single news catalyst could change everything.
Think ETF approvals, or a surprise shift from the Fed. Even a sudden de-escalation in the Middle East could boost risk appetite across the board.
But make no mistake: XRP has work to do.
Right now, it’s fighting a war on two fronts—macro fear and technical damage. Until one of those breaks in its favor, rallies will be short-lived and fragile.
