XRP Price Dip Reflects Market Trends, Not Fundamental Flaws

XRP has recently fallen below the $2 threshold due to broader market trends, not because of any inherent weaknesses, according to industry experts. This comes following several weeks of sustained price support above that level.

This past Sunday, XRP briefly slipped under the $2 mark, snapping a 12-week streak where it had consistently stayed above that support. The crypto dropped to just over $1.90, a sign of renewed bearish pressure coinciding with a wider crypto market downturn.

Since rebounding from a low of $1.60 on April 3, XRP had maintained upward momentum, trading steadily above $2. Its recent dip under that level shows how fragile current investor sentiment is amid the larger turbulence affecting cryptocurrencies.

Despite the sudden slip, many in the crypto community argue that this isn’t a sign of XRP’s shortcomings. Instead, it appears to be part of a trend linked to the broader market’s volatility and geopolitical tensions.

One of the more notable voices weighing in is Versan Aljarrah, the co-founder of Black Swan Capitalist. On the social platform X, Aljarrah shared his perspective, suggesting that the decline has little to do with XRP’s fundamental strengths and more to do with its correlation to the overall crypto landscape.

According to Aljarrah, XRP continues to track closely with the movements of the entire digital asset market—meaning that its price performance doesn’t accurately reflect its utility or the company’s long-term vision. This view resonates with the feeling among many XRP supporters who believe the coin’s market performance is disconnected from its actual use cases and innovations.

Echoing this sentiment, X user John Boardman commented, “I agree. We are just going through the motions until true utility is realized,” emphasizing the belief that utility should ultimately be the primary factor influencing XRP’s valuation.

The broader downturn in the crypto market that pulled XRP down has been attributed to escalating geopolitical tensions, particularly the intensifying conflict in the Middle East. With U.S. military involvement in the Israel-Iran conflict, fears have surged over the possibility of World War III. The situation escalated after a U.S. strike on an Iranian nuclear facility, prompting fears of retaliatory action that could destabilize global markets.

These rising tensions led to an increase in oil prices, with many investors shifting capital away from volatile assets like cryptocurrency into more traditional safe havens. As a result, Bitcoin fell below $100K, briefly touching $98K—a move that impacted nearly all major altcoins, including Ethereum, Solana, and XRP.

Nevertheless, there remains a strong sense of optimism within the XRP camp. The fact that XRP hasn’t dipped to new lows despite market-wide pressure gives some hope to bullish investors. Shortly after its fall beneath $2, XRP rebounded slightly and was trading at $2.02 at the time of writing, down just 3% on the day.

Looking ahead, analysts remain optimistic about XRP’s long-term potential. According to analyst EGRAG, a recovery in the crypto market could see XRP ascend to new heights. He’s outlined several bullish pathways where XRP could first climb to $6.70 with targets of $13 and possibly $27 later this year, if historical trends repeat.

Related: Expert Advice: Sell XRP If You’re Confused

While the short-term environment remains unpredictable due to geopolitical uncertainty and macroeconomic pressures, XRP enthusiasts maintain a firm belief that the token’s real-world utility and foundational strength will ultimately prevail—regardless of temporary market noise.