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

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 isn’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.

Here’s what’s really going on behind the scenes.

Trade War Fears Shake Investor Confidence

XRP’s decline comes at a time when concerns about new U.S. trade tariffs are rising. President Donald Trump recently said he was “open to talking,” 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 “Black Monday,” 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 XRP’s price.

Could XRP Crash to $1?

The negative outlook continues. XRP’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 average—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.