XRP is facing a challenging period as market conditions remain volatile, with its price showing signs of a possible drop below the $2 mark.
Broader market instability is playing a major role in this downturn, as both Ethereum and Bitcoin are also seeing declines—Ethereum down roughly 7% and Bitcoin hovering around the $102,000 level, with potential to dip below $100,000 if negative trends persist.
Compounding the market uncertainty is the unexpected feud between Donald Trump and Elon Musk, which has taken a sharp turn with personal accusations and political threats.
Additionally, lingering concerns over U.S.-China trade discussions, especially a pending conversation between Trump and President Xi, are contributing to the nervousness in the market. A positive outcome from that meeting could offer a temporary lift, but no confirmation has surfaced yet.
XRP is especially vulnerable during this period due to low liquidity, allowing bearish forces to exert more influence over price movements.
Historically, June and July tend to be weaker months for the crypto market, characterized by reduced interest, low capital inflows, and diminished trading activity. This seasonal pattern, combined with current macro tensions, sets the stage for continued downward pressure.
Source – Austin Hilton on YouTube
Crypto in Crisis? Trump–Musk Feud Sends Shockwaves Through Markets
The cryptocurrency market, already reeling from volatility and declining liquidity, faces a new source of uncertainty: an escalating feud between two of the most influential figures in business and politics—Donald Trump and Elon Musk.
This surprising conflict has rapidly intensified and is now contributing to broader market instability, particularly in the crypto sector. The tension reportedly began when Elon Musk publicly criticized a proposed budget bill backed by Donald Trump, calling it a “disgusting abomination.”
What might have been dismissed as routine political commentary quickly escalated. Musk’s remarks sparked a heated exchange, with rhetoric becoming increasingly personal and pointed. Most recently, Musk accused Trump of being connected to the Epstein files, a claim that stirred widespread controversy.
Time to drop the really big bomb:@realDonaldTrump is in the Epstein files. That is the real reason they have not been made public.
Have a nice day, DJT!
— Elon Musk (@elonmusk) June 5, 2025
In response, Trump threatened to cancel existing government contracts with SpaceX, Musk’s aerospace company. This public clash between two high-profile and powerfully influential individuals has sent shockwaves across financial markets.
Investors are now weighing the potential fallout, not only in terms of political implications but also for companies and sectors tied to either figure. Musk’s influence spans the tech, automotive, and space industries, while Trump’s voice still carries weight in U.S. economic policy and political discourse.
The feud adds another layer of unpredictability to an already fragile market landscape, where cryptocurrencies like XRP are struggling against downward pressure. This feud sends troubling signals to investors.
Markets depend on stability and confidence, but public clashes between powerful figures like Musk and Trump shake sentiment. If the conflict escalates—through canceled contracts or legal action—it could become a broader risk factor.
Until there’s clarity, uncertainty may continue to weigh on risk assets like XRP and other altcoins already struggling with low liquidity.
XRP Price Prediction
XRP appears to be facing mounting bearish pressure, with the price currently struggling to sustain momentum following a failed breakout attempt. Despite briefly showing strength earlier in the week, $XRP has been unable to push through key resistance around the $2.22 level—a historically high-liquidity zone.
The token has since dropped below crucial technical indicators, including the 50 EMA, 7-day VWAP, and 90-day VWAP on the 4-hour chart, all of which signal a likely continuation to the downside.
The most probable scenario in the near term is a decline toward the value area low between $2.07 and $2.00, potentially even dipping to $1.95 during intraday volatility. While a full crash is not expected, the overall market conditions and lack of strong momentum suggest XRP may trend lower in the medium term.
Short-term stability is possible, with immediate support around $2.12, but unless buying strength returns, $XRP seems poised to test lower support zones before any meaningful recovery.
Crypto Market Uncertainty Doesn’t Stop Solaxy’s $44.5M Presale Success
Amid growing uncertainty in the crypto market, with XRP facing pressure and a high-profile clash between Elon Musk and Donald Trump, a new meme coin presale appears to be defying the odds. Solaxy, a Solana Layer 2 (L2) project still in its ICO phase, has raised an impressive $44.5 million.
The initiative positions itself as an L2 solution designed to address some of the Solana network’s well-known challenges, such as scalability issues and failed transactions.
A key component of Solaxy’s utility is its upcoming decentralized exchange and the Igniter protocol, which aims to empower users to create their own meme coins — a feature that could significantly enhance the platform’s appeal and engagement within the crypto community.
The project has also launched its block explorer and bridge, critical infrastructure elements that mark important milestones in Solaxy’s journey toward broader adoption and practical use.
These tools facilitate transparency and interoperability, which are essential for the functionality and trustworthiness of any blockchain project. Solaxy’s presale is user-friendly, allowing participants to convert $ETH or $USDT into $SOLX tokens via popular wallet integrations such as Best Wallet.
The Solaxy universe is expanding every day. 
44M Raised! 
pic.twitter.com/yIRZinZAPR
— SOLAXY (@SOLAXYTOKEN) June 4, 2025
The project’s active presence on social media, particularly on platforms like Twitter (now X), where it boasts near 80,000 followers, demonstrates strong community engagement and ongoing support. The frequent celebration of fundraising milestones further bolsters confidence in its momentum.
Investors have only 10 days left to participate, as Solaxy could become a significant player in the evolution of Solana’s blockchain capabilities, attracting both developers and investors looking for scalable and reliable alternatives.
While still early in its lifecycle, Solaxy’s solid fundraising, active development, and strong community backing position it as a noteworthy project to watch. To tale part in the $SOLX token presale, visit solaxy.io.
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