- Ripple XRP fell to $2 following Israel’s missile strikes on Iran, adding pressure to an already weak market.
- With low buying interest and rising geopolitical tensions, XRP risks dropping below its April low in the coming days.
Ripple’s XRP token took a sharp hit on Friday morning, dropping to $2 shortly after reports emerged that Israel had launched missile strikes on Iran. The geopolitical shock added to existing bearish sentiment in the crypto market, where risk appetite has been steadily declining.
Ripple XRP Faces Strong Headwinds from Geopolitical Tension
Ripple’s token has been under persistent selling pressure since the beginning of a correction phase in April. The strike by Israel on Iran intensified this decline, with XRP now teetering at a key support level of $2. Market analysts suggest that if the situation escalates further or investor sentiment doesn’t rebound, the price could fall below this mark—approaching its previous low in April.
Though bearish volume has remained relatively low, technical indicators suggest that buyers have largely stepped aside. The price drop appears to be driven more by a lack of buying interest than an overwhelming wave of sell-offs. This low-volume slip highlights a critical weakness in XRP’s current market position.
War Fears Sap Confidence Across Crypto Markets
The broader crypto market has also felt the impact of Middle East tensions. Risk-taking has cooled significantly as investors watch developments between Israel and Iran. Although the U.S. has not joined the offensive, the situation remains tense, especially with Iran vowing to retaliate if provoked.
The uncertainty surrounding U.S. involvement and the nuclear talks has made traders cautious. While XRP had shown signs of recovery in late April—rising from $1.80 to $2.10—it has since reversed course. A new wave of red candles now dominates the charts, wiping out the earlier gains.
What’s Next for XRP?
For now, XRP’s fate hinges on two key factors: geopolitical developments and market sentiment. If Middle East tensions cool and risk appetite returns, XRP may stabilize or rebound. However, if the crisis deepens, XRP could slide further below the $2 mark.
Investors are advised to watch the charts closely. Despite the dramatic headlines, the low bearish volume suggests a lack of conviction among sellers—which could present an opportunity if positive news re-enters the picture.
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