XRP Has Dropped Below $2 Psychological Level: Why XRP is Down Today?

XRP, the fifth-largest cryptocurrency by market cap, trailing behind BTC, ETH, USDT, and BNB, is dropping in the cryptocurrency market. According to the latest market analytics, XRP is down by 5.8% today and is trading below the $2 psychological level for the second time in November. XRP opened today near ~$1.99–$2.00 and was sold off steadily to around $1.87 by the end of the first session. According to the XRP candlestick chart, there is no sustained bullish reversal candle yet, meaning that sellers are in control for the timeframe.  

According to the industry experts, $2 was a major psychological and technical support, but XRP failed to hold above $2 early in the session, and they observed that once XRP dropped below $2, stop-losses triggered, short sellers entered, and momentum accelerated downward. Crypto analyst Hype DYOR posted on the Coinmarketcap community wall that XRP was struggling below the 20-day EMA ($2.06), indicating weak bullish momentum. He noted that the bears aimed to push the price down to the $1.61 support, and if this level broke, it could drop further to $1.25. He stated that bulls needed to push past the 50-day Simple Moving Average ($2.21) for a potential rally.

The recent market analysis concludes that XRP’s current momentum is bearish to neutral, with price hovering below the $2 psychological level. XRP Ledger’s official cryptocurrency is trading below its 50‑day moving average near 2.21 and 200‑day moving average near 2.60, which indicates a medium-term downtrend. The current trading volume of XRP is well below the 30M average, meaning that neither bulls nor bears are focusing intensely after the drop below the $2 price point.    

Why Is XRP Dropping Today?  

XRP has continued to decline as its earlier bullish catalysts faded, and even strong ETF‑related momentum and inflows have failed to generate any meaningful upside. The broader crypto‑market weakness is one of the important reasons for the XRP downturn. The broader cryptocurrency market momentum or tone is generally set by Bitcoin; when BTC drops, market makers reduce exposure, and liquidity dries up, which ultimately leads to amplified moves of altcoins like XRP. As a high‑beta asset, XRP tends to react more sharply than BTC, so capital outflows can occur even in the absence of XRP‑specific bearish catalysts. 

According to XRP’s technical analysis, the digital asset is currently trading below its 50‑day(2.21) and 200‑day moving averages(2.60). Analysts observe this trend as a classic bearish trend signal. The RSI‑14 reading of 34.88 indicates strengthening bearish momentum, while key Fibonacci support remains at $1.93, corresponding to the 78.6% retracement level. Industry experts believe that the technical trend will remain bearish until XRP reclaims the $2 price point. 

Web3 enthusiast William said in an X post that XRP’s recent decline mirrors Bitcoin’s stalled recovery, with the price remaining stuck below the $1.90 level and the hourly 100-SMA.

He noted that a bearish trend line is capping gains near $1.980, adding that failure to break above $1.90 could push XRP toward the key support zone at $1.850. William emphasized that holding above this level is crucial to prevent deeper losses toward $1.820, and pointed out that the hourly MACD and RSI indicators continue to confirm bearish momentum.