XRP lost 12% today, erasing recent gains after Donald Trump announced plans for a US Crypto Reserve. His proposal to include XRP, SOL, and ADA in the Strategic Reserve initially fueled optimism. However, the broader crypto market crash quickly overshadowed investor enthusiasm, triggering a massive selloff.
Despite this setback, analysts remain hopeful. Some predict XRP’s price could rally to $30 by May 2025, following historical trends and technical indicators.
Why Did XRP Price Crash Today?
At press time, XRP traded at $2.35, marking a 12% drop in 24 hours. Its trading volume also fell 42% to $12.6 billion. Earlier, XRP’s price neared the $3 mark but plunged to $2.23, reflecting the overall bearish sentiment in the market.
Macroeconomic factors have intensified investor fears, leading to widespread selloffs in the financial sector. Trump’s new tariff policy also added pressure, contributing to an 8% decline in the global crypto market cap. Most top cryptocurrencies posted double-digit losses.
Can XRP Price Still Reach $30?
Despite recent declines, leading analyst EGRAG CRYPTO remains optimistic about XRP’s future. In a recent forecast, he predicted a surge to $30 by May 2025, citing historical price movements and technical indicators.
EGRAG CRYPTO compared XRP’s current price action to its 2017 cycle. Back then, the coin surged 2,500% within a weekly channel formation. He believes XRP is following a similar pattern and could target the Fibonacci 1.618 level, placing its potential price between $27 and $33.
Trump’s endorsement of XRP as part of the Strategic Reserve has further strengthened this bullish case. Additionally, whales have continued accumulating XRP, signaling confidence in its long-term growth.
What If the Bears Take Control?
Not all analysts share the same optimism. Ali Martinez, a respected market strategist, warned that XRP could drop further if it fails to hold above $2. He noted that a break below this critical support level could trigger a 40% decline, pushing XRP’s price down to $1.
Although Martinez acknowledged bullish patterns forming on the XRP chart, he emphasized the importance of maintaining key price levels. Any failure to do so could erase recent gains and weaken investor confidence.
Final Thoughts
XRP’s sharp decline reflects broader market trends, fueled by macroeconomic uncertainties and regulatory shifts. While EGRAG CRYPTO predicts a surge to $30 by 2025, Ali Martinez warns of a potential downturn if support levels fail.
Read Also: XRP Skyrockets 33% to $3 After Trump’s Crypto Reserve Plan – What’s Next?
Traders must monitor the $2 support level closely. If XRP holds above this mark, it could regain bullish momentum. However, a drop below $2 might lead to a deeper correction. The coming weeks will determine whether XRP rebounds or faces further losses.
