The price of XRP, one of the leading altcoins, has nose-dived below the $2.1 level, according to data provided by CoinGecko.
It is currently changing hands at $2.09 after reaching an intraday low of $2.08.
The token has slipped by 4.5% over 24 hours, which makes it the worst-performing altcoin in the top 10. Cardano (ADA) is also among the top underperformers of the day with a 4.4% drop. The other top altcoins have suffered less severe price corrections. Tron (TRX) is the only top 10 coin that remains in the red.
Bitcoin has recorded a less severe drop compared to the top altcoins, dropping by only 2%.
However, according to a recent report by Bloomberg, options traders are now hedging against a possible drop below $80,000.
Risk assets have been hammered by the ongoing global trade tensions that seemingly show no sign of subsiding. Earlier this Monday, Japan's Nikkei slipped by more than 4%.
According to the 100eyes Crypto Scanner analytics tool, XRP has now approached a critical horizontal support level.
The Ripple-linked cryptocurrency has now plunged by more than 14% over the past week. Losing the key support level could lead to a more severe correction. It is worth noting that XRP has not dropped below the pivotal $2 level since May 11.
As reported by U.Today, XRP search interest recently hit its lowest level of 2025, according to data provided by Google Trends. The general public seems to be ignoring the cryptocurrency despite Ripple's victory over the SEC.
It remains to be seen whether XRP will be able to reignite its momentum later this year with possible ETF approval.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。