XRP News Today: Crypto Market Cap Drops 2.51% to $3.37 Trillion Amid Geopolitical Tensions

Geopolitical tensions and monetary policies have significantly impacted the crypto market, leading to a 2.51% drop in the market cap to $3.37 trillion. This decline was driven by $1.14 billion worth of liquidations, with top-tier cryptocurrencies such as Bitcoin, Ethereum, and XRP experiencing substantial price decreases.

Bitcoin is currently trading at $104,777.84, down 2.79% for the day. The 24-hour volume has surged by 28.85% to $69.67 billion, indicating a panic-induced liquidation. The Relative Strength Index (RSI) stands at 48.85, suggesting waning bullish momentum. The price has fallen below the 20-day Simple Moving Average (SMA) at $106,454, and a rejection from the middle Bollinger Band confirms the dominance of bears. The critical support zone is at $101,909; if breached, the price could plummet to the psychological mark of $100,000, aligning with the lower Bollinger Band. The upside potential remains capped near $113,000 unless macro conditions improve significantly. Traders may expect sideways to downward movement with a bearish bias until then.

Ethereum has faced a heavy correction, dropping 7.83% to $2,531.74, reducing its market cap to $305.38 billion. The 30.82% rise in volume to $39.09 billion hints at further short-term capitulation. The RSI has dropped to 49.43, nearing neutral but pointing downwards. Ethereum’s candle has decisively broken below the midline of the Bollinger Bands at $2,593, now testing the lower range at $2,404. The last line of defense stands at $2,336, a key support level. A daily close below that could open room toward $2,200. Recovery will face resistance at $2,783, the upper Bollinger band. Until bulls regain strength above the 20-day SMA, the downside risk remains a concern.

XRP has plunged by 5.08% to trade at $2.12, with its market cap now at $125.26 billion. It is battling to hold above $2.09, the daily low, and sees its resistance at around $2.35. The RSI sits weak at 41.37, suggesting sellers are in control. The price has broken below the 20-day SMA of $2.22, with the next support at $1.9645. Breaking this zone may bring further decline toward $1.85. For any notable rebound, XRP needs to reclaim the 20-day SMA and push toward $2.3496, but the current structure leans bearish.

If the market sentiment deteriorates and the $101,909 support fails, Bitcoin price may revisit the $100,000 psychological level. If Ethereum breaks below $2,336, it could slide further toward $2,200, especially if broader market sentiment worsens. With the RSI under 45 and price nearing a key support at $1.96, it’s better to wait for confirmation of reversal before buying XRP.