XRP was around $3.15 yesterday when the market was trading sideways. However, as the context changed this morning, possibly due to Trump's latest comments regarding the war between Ukraine and Russia, Ripple's token, along with the rest of the market, has plummeted severely.
In just a few hours, the asset's price has dropped to an 11-day low of $2.97 (on Bitstamp). As a result, the price briefly slipped below the desired support level of $3.00, but has since returned to slightly higher levels as of this writing.
According to Ali Martinez, a well-known cryptocurrency analyst with over 150,000 followers on X, XRP has now moved further away from the critical resistance threshold. He believes that the $3.30 level is a key factor determining the future price behavior of the asset, and failing to recover this level could lead to a price drop to $2.60 or even $2.00.
Previously, Martinez also pointed out that $2.81 is a key support level for XRP and stated that the price needs to maintain above this level to sustain a bullish market structure.
Currently, Ripple's token is basically still between these two targets, but more volatility is expected today as political leaders from several European countries, including Ukraine, will meet with Trump to discuss the possibility of ending the war against Russia.
