XRP Price Crashes 17% as Crypto Market Meltdown Deepens

XRP Price Suffers Sharp 17% Crash

Ripple‘s $XRP has taken one of the hardest hits in the ongoing crypto selloff, plunging nearly 17%in the last 24 hours to around $2.34. The drop followed Bitcoin’s fall from $120K to $111Kand Ethereum‘s tumble below $4K, as panic spread through global markets following Trump’s 100% tariff announcementon China, effective November 1st.

XRP/USD 1-day chart - TradingView

The rapid selloff wiped out billions from XRPs market capitalization and triggered widespread liquidations across derivatives exchanges.

Chart Analysis: XRP Breaks Major Support

As shown in the above chart, XRP just suffered a technical breakdownafter losing the crucial support zone near $2.75and plunging below both the 50-day SMA ($2.91)and 200-day SMA ($2.57).

Key observations:

• Support lost:$2.75 and $2.50 have flipped into resistance.
• Next support levels:$2.20 and $1.80.
• Resistance to reclaim:$2.75 (former base) and $3.00 psychological barrier.
• The chart also shows a descending trendlinerejection near $3.00 before the crash, confirming bearish momentum.

This move marks the largest single-day lossfor XRP since early 2024, pushing it below long-held moving averages and signaling potential for more downside if market sentiment stays negative.

Market Context: Trumps Tariff Shock Sparks Panic

The entire crypto market is reeling from Trumps 100% tariff announcementon all Chinese imports starting November 1st.

This move triggered a wave of risk-off sentimentacross global markets, sending investors into cash and stable assets.

• $Bitcoin fell over 7%to around $113K.
• $Ethereum dropped 10%, now hovering near $3,900.
• $Solana, $BNB, and $XRP all saw double-digit lossesas selling pressure intensified.

Analysts say that this kind of macro-driven crash often leads to short-term panic, followed by selective recoveryonce markets stabilize.

On-Chain and Exchange Data: Liquidity Drains Fast

Exchange data shows that major outflows from Binance and Coinbaseaccelerated during the crash, particularly for XRP and ETH.

Several on-chain trackers noted rapid transfers of XRPfrom cold wallets to exchanges, signaling mass liquidations.

While some traders suspect market manipulationby large players, others argue this was a liquidity-driven correctionamplified by macro fear and stop-loss cascades.

XRP Price Prediction: Whats Next for XRP？

If XRP fails to hold above $2.20, the next key support lies at $1.80, a level not tested since mid-2024.

However, if bulls manage to reclaim $2.75, a short-term rebound toward $3.00–$3.10could be possible.

• Bullish scenario: Strong buying near $2.20–$2.30 could fuel a recovery toward $2.75 and $3.00.
• Bearish scenario: Continued Bitcoin weakness and broader market fear could drag XRP below $2.00, extending the correction.