XRP Price Dips Below $2.1, Faces Major Losses

XRP, one of the leading altcoins, has sharply dropped below the $2.1 mark, now trading at $2.09, following a low of $2.08 earlier today. This 4.5% decline makes XRP the worst-performing altcoin in the top 10 over the last 24 hours. Cardano (ADA) is also struggling, down 4.4%, while other top altcoins experienced less severe losses. Only Tron (TRX) remains in the red among the top 10 cryptocurrencies.

Bitcoin (BTC) saw a smaller dip of 2%, indicating a more stable position compared to the altcoins. As global trade tensions continue to rise, risk assets like cryptocurrencies are feeling the impact. A recent Bloomberg report highlighted that options traders are preparing for a possible Bitcoin drop below $80,000.

XRP has now dropped more than 14% over the past week and is approaching a critical support level. If it fails to hold this level, further declines could follow. Notably, XRP has not fallen below the $2 level since May 2023. Additionally, retail interest in XRP has waned, as Google Trends data shows search interest at its lowest level of 2025, despite Ripple's victory over the SEC.

While XRP’s near-term outlook remains uncertain, potential ETF approval could spark a revival in interest later this year. Investors will closely monitor these developments, hoping for a rebound as XRP faces a make-or-break moment.