XRP is trading at critical levels after dropping below the $2 mark on Sunday, following a wave of panic selling across the crypto market. The move came as global financial markets reacted sharply to aggressive new U.S. tariffs, escalating trade tensions and sending risk assets tumbling. XRP, like many altcoins, has been hit hard by the volatility, with sentiment turning increasingly bearish.

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Adding to the concern, top analyst Ali Martinez shared technical insights that point to further downside. According to Martinez, XRP is currently breaking out of a head-and-shoulders pattern — a classic bearish setup that often signals the beginning of a larger correction once the neckline is broken.

If the pattern plays out, XRP could be heading toward the $1.30 level, a key zone of historical demand and potential support. With market conditions already fragile and uncertainty growing, this pattern reinforces the bearish outlook for XRP in the short term.

Unless bulls can reclaim $2 and invalidate the breakdown, XRP may continue to bleed alongside the broader market. All eyes are now on how price behaves in the coming sessions, as traders assess the strength of this technical signal.

XRP Faces Bearish Outlook As Head-and-Shoulders Pattern Confirms Breakdown

XRP has now lost over 50% of its value since reaching its recent all-time high, and the market is showing no clear signs of stability. As fear spreads across both traditional and crypto markets, XRP remains under heavy pressure, with volatility intensifying in recent sessions. The broader landscape clouds with macroeconomic tension, particularly US tariffs that have triggered global trade concerns and sent risk assets into a tailspin.

The sentiment surrounding XRP is deeply divided. While some investors still believe that a broader market recovery could help XRP reclaim range highs, others remain skeptical. For now, price action supports the latter. Bulls have failed to defend the $2 mark — a critical psychological and technical level — and XRP has continued to trend lower.

Martinez added to the bearish narrative, sharing a technical breakdown on X that shows XRP is currently breaking out of a head-and-shoulders pattern. This formation is widely regarded as a bearish reversal signal, and Martinez suggests that the confirmed breakdown could send XRP tumbling toward the $1.30 level. That target aligns with historical demand and previous support zones, making it a likely destination if current momentum continues.

Unless bulls reclaim $2 quickly and invalidate the pattern, XRP may struggle to recover in the near term. With the broader market still unstable and high-risk assets under pressure, the bearish outlook for XRP appears to be gaining traction. The coming days will be critical as traders watch whether XRP stabilizes — or slips further into its current downtrend.

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Bulls Struggle At $1.86 And Fight To Avoid Deeper Correction

XRP is trading at $1.86 after several days of struggling to reclaim higher levels, with selling pressure dominating price action. Bulls lost momentum once the price broke below the key $2 support, which had previously served as a psychological and technical floor. Since then, XRP has continued to slide, failing to generate enough buying volume to spark a meaningful recovery.

The current level around $1.86 is now acting as a short-term support zone, but it remains vulnerable. If XRP doesn’t hold above this area, sellers will likely push it toward the $1.50 region. This level marks a significant demand zone from previous market cycles and could act as the next stop in the event of continued bearish pressure.

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On the flip side, if bulls can manage a swift rebound and push the price back above $2, it may trigger a short-term relief rally. Reclaiming that level would invalidate some of the recent bearish momentum and potentially set the stage for XRP to target higher resistance around $2.20 and beyond.

For now, XRP remains caught in a delicate spot — and what happens next will depend largely on whether buyers step in to defend the current support zone.

Featured image from Dall-E, chart from TradingView

XRP price rebounds above $2 as BTC and ETH see $50M in liquidations, but derivatives trading metrics suggest weekend volume weakness may pressure altcoins lower.

Ripple (XRP) price holds $2 support as altcoins mirror Bitcoin’s resilience to Trade War Triggers

Ripple (XRP) price initially plunged to 30-day lows around $1.80 with hours after Trump  announced sweeping tariffs during the liberation speech on Friday.

However, the momentum swung positive in recent days as BTC holds firm above $82,000 after China retaliatory 34% tariffs on Thursday, reinforcing investor confidence in the crypto markets as a crisis resistant asset class.

Ripple price rebounded 12.5% since Thursday, rising as as $2.15 at press time according to CoinMarketCap data.

As seen above, Ripple price continues to consolidate well-above the $2 mark, mirroring the likes of ETH, BTC and SOL, which have also defended key psychological support levels around $1,800, $80,000 and $110 respectively over the past week.

Meanwhile, top-ranked US stocks such as Apple, NVIDIA and Microsoft all recorded 15% losses a piece before the week’s trading closed on Friday.

Derivative Market Analysis: Crypto Buying Pressure Could Slow Down this Weekend

With top-ranked crypto assets including XRP all consolidating around key psychological price points this weekend, it signal market-wide buying support, amid capital inflows from investors exiting stocks amid US trade war tensions.

However, considering that US markets are now closed, the volume of transitional capital flows could slow down significant until pre-market trading begin.

Validating this stance, Coinglass derivatives market data shows evidence of short-term bearish trading signals.

Derivatives data from Coinglass reinforces this stance. Over the past 24 hours, crypto markets saw a total of $110.65 million in liquidations, with long positions accounting for $85.10 million—over 76% of the total.

Bitcoin and Ethereum alone alone recorded nearly $50 million combined, with BTC traders booking $36.32 million in liquidations, followed by Ethereum at $13.61 million.

The bearish imbalance, especially the outsized long wipeouts in the last 12 hours ($67.11M longs vs $13.48M shorts), points to a rising number of over-leveraged bullish positions being flushed out.

This suggests short-term exhaustion in buying momentum, increasing the likelihood of a minor pullback or sideways action through the weekend.

With high leverage being unwound and external demand on pause, weekend trading may turn defensive with XRP markets and other prominent altcoins.

Strategic altcoin traders woould watch for support retests, especially if funding rates begin to flip or volume declines further ahead of Monday’s open.

XRP Price Forecast: Bulls facing Resistance at $2.20, Amid Weekend Caution

As the week closes on April 5, XRP price forecast charts on TradingView reflect signs of short-term exhaustion following its rebound to $2.15.

Despite five consecutive green candles, XRP price remains below the 50-day EMA at $2.21 and the 100-day EMA at $2.28. This reflects supply-side pressure still outweighing momentum, even as bulls attempt a recovery from March’s lows.

Notably, the 200-day EMA near $1.95 is acting as a key anchor. A breach below this could trigger stop runs and reopen downside risk toward $1.80.

True Strength Index (TSI) remains in bearish territory at -0.80, yet is flattening, hinting that the selling momentum is decelerating. Volume has weakened across recent sessions, confirming the rally lacks conviction. A clear break above $2.22 would be required to invalidate near-term bearish bias.

Until that happens, XRP remains vulnerable to weekend drawdowns. Bulls must defend $1.95 or risk deeper losses into next week’s open. A close below $2.00 would reassert sellers’ control short-term.

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ibrahim

Crypto analyst covering derivatives markets, macro trends, technical analysis, and DeFi. His works feature in-depth market insights, price forecasts, and institutional-grade research on digital assets.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.