XRP Drops After US–EU Trade Tensions; Tests $1.975 Support
XRP fell sharply on Monday, sliding below $2.00 to an intraday low of $1.84 before recovering to about $1.97. The move wiped more than 23% off XRP’s value from its Jan. 6 high of $2.41. Traders and analysts linked the sell-off to escalating US–EU geopolitical and trade tensions — including troop deployments to Greenland and new US tariffs — which spurred a wider crypto market correction as Asian and futures markets opened. Bitcoin also dipped from above $95,000 to under $92,000 before rebounding, putting additional pressure on altcoins. Technical commentary highlighted a key short-term support near $1.975; failure to hold that level could limit upside momentum for XRP. The piece notes broader market sensitivity to macro and geopolitical shocks and urges traders to monitor intraday charts and support/resistance levels for scalp or swing decisions.
Bearish
The immediate impact is bearish. XRP’s 23% drop from the January high and an intraday low of $1.84 indicate strong selling pressure triggered by macro/geopolitical risk — a common catalyst that drives broad market de-risking. Bitcoin’s concurrent dip to sub-$92k confirms spillover from macro news rather than idiosyncratic XRP factors. The key technical level at $1.975 is being tested; if that support breaks, expect further near-term downside as momentum traders and stop-losses accelerate selling. Historically, geopolitical shocks have produced short-to-medium-term volatility across crypto (e.g., trade-war or sanction episodes), often leading to rapid recoveries only after macro clarity or central bullish catalysts (ETF approvals, on-chain demand) reappear. Therefore, traders should treat this as a near-term bearish event but remain attentive to reversal signals near major supports and to macro developments that could flip the outlook to neutral or bullish.