XRP Plummets Below $2, Bitcoin (BTC) Ends Weakest Bull Market Since Creation, Ethereum (ETH) Holding onto Dear $2,000

For the second time in February, the asset has broken through this psychological support level, as XRP has fallen below the crucial $2.00 mark. XRP is currently trading at $2.02, down almost 7% over the past day due to increased selling pressure and heightened volatility. This most recent decline might be an instance of XRP filling the gap in its price action, which happens frequently when an asset returns to prior support areas before making another move attempt.

But the way XRP fell indicates otherwise — it was a steep decline more like a knife down event brought on by aggressive selling rather than a gradual retracement. After XRP was unable to maintain its hold above important moving averages such as the 50-day EMA, it broke below $2.00.