The crypto market took another hit over the weekend, and XRP was no exception. For the first time in three months, the token fell below the critical $2 mark — but according to experts, that doesn't mean XRP is failing.
❗ XRP Briefly Dips to $1.90 – Market Volatility Strikes Again
On Sunday, XRP briefly dropped to $1.90, breaking a 12-week streak of holding above $2. This came amid intensifying bearish pressure across the broader crypto market, triggered by escalating geopolitical tensions in the Middle East.
Just earlier in April, XRP had rebounded from a $1.60 low and steadily maintained a position above $2 until this weekend. The sudden drop underscores the fragility of the current market environment and how sensitive digital assets remain to global events.
💬 Expert Explains: XRP Didn’t Fall Because of Its Fundamentals
Versan Aljarrah, co-founder of Black Swan Capitalist, addressed the decline in a post on X, arguing that XRP’s drop had little to do with its fundamentals and more to do with its ongoing correlation with the global crypto market.
“XRP isn’t falling because it’s weak. This is just a market cycle issue — we’re simply waiting for its real utility to be realized,” Aljarrah commented.
The XRP community echoed his sentiment. “I agree. We’re just going through phases until true utility is achieved,” replied user John Boardman on X.
🌍 Global Tensions Are Driving Capital Away from Crypto
The drop wasn’t only about cycles. A major contributor has been the intensifying Israel-Iran conflict, which escalated after direct U.S. strikes on Iran’s nuclear facilities.
Fears of a broader war and potential superpower involvement have caused investors to panic. As oil prices surged, capital flowed out of risk assets like crypto and into safer investments.
Bitcoin briefly dipped below the $100,000 mark during the turmoil, dragging down other crypto assets such as XRP, Ethereum, and Solana.
📈 XRP Recovers — And the Community Remains Optimistic
Despite the market shakeout, XRP has bounced back and reclaimed the $2 level. At the time of writing, it was trading at $2.02, still down 3% over the past 24 hours. Analysts suggest this isn’t a sign of weakness — it might actually be a setup for future growth.
🚀 Targets: $6.70, $13… or Even $27?
Analyst EGRAG outlined several bullish scenarios for XRP. Based on previous patterns, he suggests the token could surge to $6.70 or even $13. If history fully repeats itself, he sees a potential run to $27 by the end of the year.
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