Crypto majors are reeling from a wave of volatility, with XRP, Cardano (ADA), and Dogecoin (DOGE) plunging below key technical support levels early on Monday.
Macroeconomic uncertainty stemming from a global tariff war — dubbed an “economic nuclear war” by hedge fund manager Bill Ackman — is reeling markets from crypto to global equities, with bitcoin under $79,000 and major tokens down 14%.
XRP Price Analysis
XRP, which powers the XRP Ledger, slipped to $1.90 with a 14%. On the daily chart, XRP has breached its critical support at $2.00 — a level that previously held firm as psychological and technical bedrock. This breakdown completes a bearish head-and-shoulders pattern, a signal of potential further downside.
Technical indicators reinforce the bearish outlook. The 21-day exponential moving average (EMA) sits at $2.20, acting as a resistance after XRP failed to reclaim it in past weeks. The relative strength index (RSI) has…
