XRP Plunges 18.5%: Analyst Predicts Further Decline to $1.65

The cryptocurrency market experienced a significant downturn on February 25, with hundreds of millions of dollars in value erased across various digital assets. Bitcoin (BTC) fell below $89,000 for the first time since November, while Ethereum (ETH) dipped below $2,400 for the first time since October. XRP, one of the most prominent tokens in the market, was not spared from the decline, losing 18.50% in the last seven days to reach a price of $2.11 at the time of this report.

XRP's price chart indicates a potential for further decline, as the token has lost its critical support level near $2.30. On-chain analyst Ali Martinez predicts a potential fall to lows not seen since the early days of the Donald Trump re-election rally. In a recent post, Martinez explained that XRP is breaking out of its previously established ascending parallel channel, targeting $1.65, which suggests a further 22% downside is likely ahead.

The core reason for XRP's downside appears not to be related to the token itself but is likely to have a significant impact on its performance in the foreseeable future. The token's previous bullish setup, which had the potential to take it back above $3 and possibly to new highs, was highly dependent on the now-lost $2.30 support level. However, there remains a chance that the XRP plunge will not be as severe, as the token still has support near $2.08 and near $1.85.

The strength of the bearish momentum affecting the entire cryptocurrency market makes it difficult to gauge just how low XRP could collapse. By press time on February 25, the total digital assets' market capitalization had collapsed approximately $100 billion within just 24 hours. A lack of a clear reason behind the market's downturn also makes it difficult to assess its eventual impact, though it appears likely that the causes were external, such as President Donald Trump's confirmation of planned tariffs against Mexico and Canada.

Historically, digital assets have had both positive and negative reactions to seemingly unrelated events. The great rally of 2024 and 2025 was primarily driven by Donald Trump's re-election, while other external events, such as the Silicon Valley plunge and Iran