XRP News Today: XRP Slides 11.42% as Key Support Breakdown Sparks $2 Warning

XRP, the third-largest cryptocurrency by market capitalization, is at risk of dropping to $2 following a breakdown below a critical support level at $3, according to analysis by Ali Martinez, known on social media as ali_charts. The analyst shared the warning on August 18, 2025, noting that further declines could push the price as low as $2.60 or even $2 if the bearish trend persists. This follows a 11.42% drop in XRP’s price from its peak of $3.35 on August 13, bringing the token to a current level of $2.97, the lowest since August 6 [1].

The downward movement of XRP aligns with a broader correction in the cryptocurrency market, triggered by Bitcoin’s recent volatility. On August 14, Bitcoin surged to a historic high of $124,457, driven by positive macroeconomic data and the White House's confirmation of recognizing Bitcoin as a treasury reserve asset. However, the price quickly reversed, dropping 7.6% to $115,130. This sharp correction led to over $464.70 million in liquidations, with long positions accounting for the majority of the losses [1]. The broader bearish sentiment has spilled over into altcoins like XRP, which now faces mounting pressure.

Another analyst emphasized the importance of XRP reclaiming the $3.30 level to prevent a more severe bearish correction. Failure to do so may result in intensified selling pressure and a deeper pullback. On-chain demand remains weak, and while some analysts maintain long-term optimism, including a $4 price target for 2026, the immediate technical outlook remains cautious [2]. Short-term price action will likely determine the next direction for XRP holders.

The decline in XRP appears to reflect a broader shift in market sentiment rather than an isolated event. The breakdown of Bitcoin's rising wedge pattern, combined with ongoing macroeconomic concerns, has fostered a more cautious environment among crypto investors. This is reflected in the rising liquidation rates and continued bearish momentum across the market [4]. Investors are advised to closely monitor key resistance and support levels, as well as overall market conditions, to make informed decisions in the near term.

Source:

[1] [XRP Could Drop to $2, Analyst Explains Key Reason ...](https://u.today/xrp-could-drop-to-2-analyst-explains-key-reason-behind-this)

[2] [Here Is Key Support Area Where About 1704745581 XRP ...](https://thecryptobasic.com/2025/08/18/here-is-key-support-area-where-about-1704745581-xrp-could-stop-the-downtrend/)

[4] [Bitcoin Faces Volatility Amid Market Dynamics](https://m.economictimes.com/crypto-news-today-live-18-aug-2025/liveblog/123350562.cms)