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    Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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Crypto Black Monday: XRP Price Crashes 20% in 24 Hours – $1 Target Next?

Story Highlights
  • XRP has plummeted to its lowest level since November 2024, driven by broader market fears of a U.S. trade war.

  • Investor anxiety is rising, as evidenced by increased "Black Monday" searches and substantial crypto liquidations.

  • Technical indicators and negative funding rates suggest a strong bearish trend for XRP.

XRP, the fourth-largest cryptocurrency by market cap, has fallen to $1.65 – its lowest level since November 2024 – after plunging nearly 30% in the past month. But this isnโ€™t just about one coin. The entire market is feeling the pressure, as fears of a U.S. trade war spark a wave of panic selling across stocks and crypto.

With XRP crashing 20% in the last 24 hours alone, investors are asking a tough question: how much lower can it go? Some say $1 could be next – and the signs might be pointing that way.

Hereโ€™s whatโ€™s really going on behind the scenes.

Trade War Fears Shake Investor Confidence

XRPโ€™s decline comes at a time when concerns about new U.S. trade tariffs are rising. President Donald Trump recently said he was โ€œopen to talking,โ€ but gave no signs of easing his trade policies. This has left markets on edge and driven investors to pull out of riskier assets.

Interestingly, Google Trends shows a sharp increase in searches for โ€œBlack Monday,โ€ a term linked to past market crashes. This suggests that investor fear is growing fast.

Risk Appetite Drops

The broader crypto market is also suffering, with total market value down 11.4% to $2.36 trillion. U.S. stock markets are under pressure too – S&P 500 futures have dropped 3%, showing that investors are moving away from risky investments.

Because of this, traders are cutting back on volatile assets like XRP, triggering large-scale liquidations and pushing prices even lower.

XRP Heavily Affected

The impact is clear in the futures market. Data from Coinglass shows that over $1.38 billion worth of crypto positions were liquidated in the last 24 hours, affecting 446,448 traders.

Out of that, XRP saw $64 million in liquidations, with $56.8 million of it coming from long positions. This intense selling has added even more pressure on XRPโ€™s price.

Could XRP Crash to $1?

The negative outlook continues. XRPโ€™s open interest has dropped below $3 billion, and funding rates have turned negative. This means more traders are now betting that XRP will fall even further.

At the moment, XRP is trading at $1.67, down 20% on the day. Its market cap has dropped below $100 billion.

Technical indicators are also flashing warning signs. XRP has broken below the important $1.80 support level and its 200-day moving averageโ€”both signs of a shift from a bullish to bearish trend.

If XRP closes today below $1.47, analysts say it could continue falling, possibly reaching $1. That would mark a 44% drop from recent highs.

What started as a market dip is starting to look more like a full-blown slide – and for XRP, the floor might still be a long way down.

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