$SOL settled $5.1 million in 24 hours: Can the XRP price survive the $2.00 crash zone?

This week, XRP felt the heat, with waves of volatility sweeping through the entire crypto market. After briefly reclaiming a price above $2.00, the token is once again testing this critical support level. Broader macro concerns, particularly the reignited trade tensions between the U.S. and China, have put pressure on risk assets, dragging down stocks and cryptocurrencies. Additionally, investors seem to have become anxious, with a large influx of XRP into exchanges as traders reconsider their positions. Although progress between Ripple and the SEC did provide a temporary boost, current sentiment indicates that the XRP market trend is in a cautious wait-and-see mode.

The increase in inflows and settlements indicates a need for caution.