Crashing

🔥 XRP’s Struggle: Will the Price Crash Again?

$XRP has been in free fall, shedding 📉 17% in the past week and 27% over the past month—a brutal correction that has left traders on edge 😨. With XRP now hovering around $2.22, market participants are asking:
⚠️ Is another crash incoming, or can the bulls regain control?
📊 XRP Price Levels to Watch Below $2.40
XRP’s latest downtrend has shattered key support levels, including:
🔻 100-day SMA at $2.43
🔻 The psychological $2.40 level
Losing these levels has opened the door for further declines, with traders now eyeing critical support zones that could dictate XRP’s next move.

🚨 If the selling pressure continues, XRP could revisit these key areas:
📍 $2.15 – A crucial level that, if lost, could send XRP to $2.06.
📍 $1.90 – XRP’s previous range low from Dec. 9, 2024, where strong liquidity exists.
📍 $1.51 - $1.82 – A fair value gap formed during XRP’s November-December 2024 rally.
⚠️ $1.27 - $1.45 – The worst-case scenario, where XRP would hit its most extreme support zone.

📢 According to crypto analyst Cvotrades, XRP’s weekly close is the make-or-break moment:
💬 “Watch the weekly close. If it’s below $2.09, then it sweeps $1.77.”
📉 XRP’s Bear Flag Signals a Drop to $1.73 🚩
From a technical perspective, XRP is forming a bearish continuation pattern that suggests the sell-off isn’t over 😬.
🔻 XRP has been trading within a bear flag on the four-hour timeframe, a pattern that typically signals further downside.
🔻 The bear flag formed after XRP’s sharp drop from $2.60 to $2.06 between Feb. 24 - Feb. 25.
🔻 Currently, XRP is testing the lower boundary of the flag at $2.20—a level that bulls MUST hold 🚀.
🔻 A break below $2.20 could trigger another price crash, with the bear flag’s target at $1.73—a 22% drop from current prices ❗.

🐂 Will Bulls Step In? 🐻 Or Will Bears Take Over?
For XRP to avoid a deeper crash, buyers must defend $2.20 and push the price back above $2.40. If not, the road to $1.70 or lower becomes increasingly likely ⚠️.

With XRP in a make-or-break zone, the coming days will determine whether it bounces back 🚀—or breaks down 💥.
👉 Will bulls save the day, or is another bloodbath coming? 😱

#XRP #XRPPRICEPREDICTION #Market #crashing

#Bitcoin , #ETH , #SOL , #XRP , meme coins are #crashing as investors panic on reasons including historically weak September month for crypto market.
The crypto market has lost $160 billion in a week as the market cap plunges to $1.98 trillion from $2.14 trillion. Leading cryptocurrencies Bitcoin and Ethereum prices today tumbled to a low of $55,606 and $2,306, respectively. Other top altcoins such as BNB, Solana, XRP, Dogecoin, Toncoin, Cardano, and meme coins also succumbed to the crashing crypto market, triggered by factors such as macroeconomic events, bearish sentiment, and technical chart weakness.
Here’s Why Crypto Market Falling
The crypto market continues crashing despite U.S. Fed officials are upbeat on interest rate cuts in September as inflation and the labor market in the United States are slowing. Pro-XRP lawyer John Deaton’s victory in the Republican primary election indicates positive development for the crypto market and Ripple community. Let’s look at the top 5 reasons why the crypto market is crashing today:
1. September Is Bearish For Stocks and Crypto Market
Historically, the month has been tough for the crypto market as well as other asset classes. Bonds were lower in 8 out of the last 10 September and gold has been lower every year since 2017. Thus, Bitcoin, ETH, XRP, SOL, and meme coins are falling today.
Dow Jones fell 1.51%, the S&P 500 tumbled 2.12% and the Nasdaq Composite plunged 3.26%, which is their worst drop since the August 5 selloff.
Coinglass data indicates that over $200 million in crypto were liquidated in the last 24 hours. Among these, more than $173 million in longs and $27 million in shorts were liquidated amid the bearish sentiment.
Moreover, over 75K traders were liquidated and the largest single liquidation order happened on crypto exchange Binance as someone sold ETH for USDT valued at $2.94 million. However, investors have remained overall bullish on XRP.
2. Spot Bitcoin (BTC) ETF and Spot Ethereum (ETH) ETF Outflows
Bitcoin ETFs in the U.S. saw a fifth consecutive outflow, degrading the crypto market sentiment among investors. On Tuesday, spot Bitcoin inflows recorded a net outflow of $287.8 million. Surprisingly, Fidelity Bitcoin ETF (FBTC) saw the highest outflow of $162.3 million, surpassing even the outflows from GBTC recently.
Spot Ether ETFs saw a net outflow of $47.4 million on Tuesday. It has started the first trading day of the month with outflows not seen in the previous weeks. Ethereum price is struggling to hit new ATH and currently trades below $2,400, 4% down in the last 24 hours.
3. Bank Of Japan Governor Affirms Further Rate Hike
Bank of Japan Governor Kazuo Ueda in a document submitted to a government panel chaired by outgoing Prime Minister Fumio Kishida reiterated further rate hikes. Japanese stock index Nikkei 225 tumbled 4.24% today on BOJ rate hike, Nvidia-led tech selloff, and US recession cues.
As CoinGape earlier reported, economists surveyed revealed that BOJ will likely hike rates again by the end of the year. Also, Pacific Investment Management expected a rate hike in January.
Traders fear a crypto market crash is imminent due to growing Japanese yen carry trades by hedge funds and corporate players.
4. Bitcoin Price Dropped After Weak ISM Manufacturing PMI Data
The crypto market extended crash yesterday immediately after the weak ISM Manufacturing PMI data showed factory activity slowed for a fifth consecutive month. ISM Manufacturing PMI came in at 47.2 in August, missing market expectations of 47.5.
The weak US manufacturing data has fueled recession fears. Traders now eye upcoming jobs data including non-farm payrolls, unemployment rate, and JOLTs job opening this week. Citi analysts suggested that a job growth of 125,000, combined with an unemployment rate of 4.3%, will cause the Federal Reserve to cut interest rates by 50 basis points.
5. DOJ Subpoena Nvidia for Antitrust Investigation
US DOJ has intensified its antitrust investigation into Nvidia by issuing subpoenas to the AI chip giant. Investors reacted immediately amid the new level of scrutiny from the regulators. This brought back the Microsoft antitrust case in focus which crashed markets in 2000.
Notably, the Nasdaq stock index fell by 75% from March 2000 to October 2002, tech stocks erased most gains since the bubble started to expand.

Bitcoin & most cryptocurrencies slumped on Thursday, with their total market capitalization plunging by over 5.7% to $2.6 trillion.
Pi Network ᴘɪ-𝟾.𝟶𝟾% was one of the worst performers as it dropped to a record low of $0.56, down by over 80% from its highest level in February.
Pepe ᴘᴇᴘᴇ-𝟽.𝟹𝟽%, the third-biggest meme coin, dropped by 17%, while Ethena ᴇɴᴀ-𝟶.𝟺𝟾% fell by 18%. The other top laggards were altcoins like Hyperliquid, Berachain, Bonk, Jito, & Official Trum, which also fell by over 15%.
The sharp decline came as U.S. recession odds surged. According to Polymarket, the probability of a U.S. recession rose to over 70%. MetLife, a leading financial services firm, increased its recession odds to 40%, while Goldman Sachs & PIMCO raised their forecasts to 35%.
These odds jumped after Donald Trump announced tariffs on all countries that export their goods to the US. Analysts caution that these tariffs pose a black swan event that could reshape the global economy.
Several countries have already pledged to retaliate. Canada imposed a 25% tariff on U.S.-made vehicles — a move that could trigger further escalation. In an interview with Bloomberg, Trade Secretary Howard Lutnick warned that tariffs on retaliating countries could rise even further.
The crash in top altcoins like Pepe, Pi Network, & Ethena mirrored declines in U.S. equities. The Dow Jones, Nasdaq 100, & S&P 500 fell by 1,200, 200, & 815 points, respectively.
They also dropped as a sense of fear spread in the financial market. The fear & greed index moved to the extreme fear zone of 11, while the crypto fear index plunged to 24.
On the positive side, bull market cycles often begin when fear is at its peak. For example, the last time the CNN Fear & Greed Index hit this level was in March 2020 which coincided with the start of the COVID-19 pandemic. Stocks & crypto began a historic rally after the Federal Reserve intervened with rate cuts & liquidity support.
Therefore, there is a possibility that Bitcoin and altcoins like Pi Network, Pepe, & Ethena will bounce back once the current wave of panic selling ends.
#Crashing #PI #PEPE #ENA