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XRP faces significant downward pressure as the broader crypto market experiences a sharp decline. Is the current support level enough to protect the price from further drops?

XRP, the fourth largest cryptocurrency, has fallen below $2 for the first time in weeks as the overall crypto market suffers a sharp downturn. The latest market bloodbath has triggered a staggering $952 million in crypto liquidations over the last 24 hours, according to CoinGlass data.

With its price falling by almost 7% in the last day, XRP is under tremendous market pressure. However, there is a bright spot: the dreaded death cross is not yet imminent.

Ripple is XRP's largest holder and core entity in its development, directly linked to the token's creation and initial distribution. On March 1, Saturday, Ripple will unlock 1 billion XRP that has not yet been put in circulation, impacting markets.

The SEC's recent decision to drop lawsuits against Coinbase, Consensys, and Gemini has sent shockwaves through the crypto industry. While Binance's case was paused for 60 days. With this unexpected shift in enforcement, many are now wondering if Ripple could be next.

XRP has seen a notable drop in active addresses over the past three months, raising concerns about its long-term price trajectory.

The crypto winter seems to have advanced this year, with popular tokens losing their grip on the rally. External factors, like tariff impositions, have adversely impacted the crypto markets, which has caused massive sell-offs, including billions of outflows in the spot ETFs.

XRP fell 10.01% to $2.0015 by 01:15 (06:15 GMT) on the Investing.com Index, marking its steepest one-day decline since February 24. The drop reduced XRPs market cap to $116.14 billion, accounting for 4.41% of the total crypto market.

Employing DeepSeek AI, an AI model competing against industry leaders like OpenAI, we discovered an altcoin gem that could skyrocket 8500% before the XRP $200 market cap. Although many low-priced altcoins exist, this token showcases strong utility, adoption, and ROI.

Bitcoin's (BTC) decline is showing no signs of slowing down, with the price down over 6% in the past 24 hours. The flagship currency briefly dipped under the $80,000 level as bears eye $73,000.

As institutional giants like Grayscale Investments and CoinShares seek regulatory permission for exchange-traded funds (ETFs) linked to Cardano and XRP, the cryptocurrency market is humming with activity. Many investors wonder whether committing $5,000 to ADA or XRP would produce a $50,000 return, given the possibility of significant increases upon approval.

Data released by the Ripple Stablecoin Tracker account on X shows that blockchain behemoth Ripple has resumed minting Ripple USD (RLUSD) stablecoins.

Here's why Ripple lawsuit could take awhile before SEC made a decision per policy analyst.

XRP faces crucial test at $2.00 support level while forming a bearish trend line with resistance at $2.20, as technical indicators suggest continued market uncertainty.

The U.S. Securities and Exchange Commission (SEC) held a closed-door meeting on February 27, 2025, sparking speculation about the future of the Ripple lawsuit. With the SEC recently dropping cases against major crypto firms like Coinbase, Uniswap, and Robinhood, many wonder if Ripple could be next.

XRP is currently facing a major shift in market sentiment, with Futures Open Interest (OI) experiencing a significant decline. After peaking at $7.62 billion on January 18, 2025, XRP's OI has dropped to just $3.02 billion, nearing its lowest level of the year.

The overall cryptocurrency market has climbed 24% since the presidential election in November. Donald Trump embraced digital assets during his campaign and, while upward momentum has stalled in recent weeks, some Wall Street experts still anticipate big gains in XRP (XRP -10.29%) and Bitcoin (BTC -9.57%).

XRP price has continued its fall today, losing more than 10% during writing. The current retreat in Ripple's coin comes amid a downturn momentum noted in the broader crypto market.

The Securities and Exchange Commission's increasingly favorable stance on crypto lawsuits has fueled speculation about an imminent XRP lawsuit settlement. However, experts like Jeremy Hogan believe the Ripple vs SEC case's complexity will lead to delays, predicting a conclusion no earlier than March 14.

This week, we examine Ethereum, Ripple, Cardano, Binance Coin, and Solana in greater detail. Ethereum (ETH) The market turned bearish and Ethereum has lost its support at $2,400, falling by 21% in the past seven days.

According to data provided by CoinGecko, the price of Bitcoin, the largest cryptocurrency, has crashed to $79,276, the lowest level since November.

February 28, 2025 05:46:55 UTC What Happened To Crypto Today? Bitcoin (BTC) fell below its 200-day simple moving average (SMA) on Friday, marking a 16% weekly loss and briefly dipping below $80,000 for the first time since November 10. The decline was fueled by renewed concerns over U.S. tariffs, which boosted demand for the U.S.

The ongoing trade and tariff wars, particularly with China, are causing bearish sentiment in the market. Both the stock market and crypto assets like Bitcoin are showing significant declines. This week, Bitcoin ETFs saw massive outflows. On Monday, over $500 million left, followed by a staggering $11 billion outflow on Tuesday, the largest in history.

The U.S. Securities and Exchange Commission (SEC) held a closed-door meeting on February 27, 2025, raising speculation about whether the agency will drop its appeal in the ongoing Ripple case. The legal dispute, which began in December 2020, revolves around the SEC's claim that Ripple sold XRP as an unregistered security.