{"id":1355,"date":"2025-06-23T16:42:57","date_gmt":"2025-06-23T16:42:57","guid":{"rendered":"https:\/\/retrotradingreport.com\/index.php\/2025\/06\/23\/xrp-drops-to-2-as-geopolitical-tensions-fuel-11-weekly-slide\/"},"modified":"2025-06-23T16:42:57","modified_gmt":"2025-06-23T16:42:57","slug":"xrp-drops-to-2-as-geopolitical-tensions-fuel-11-weekly-slide","status":"publish","type":"post","link":"https:\/\/retrotradingreport.com\/index.php\/2025\/06\/23\/xrp-drops-to-2-as-geopolitical-tensions-fuel-11-weekly-slide\/","title":{"rendered":"XRP drops to $2 as geopolitical tensions fuel 11% weekly slide"},"content":{"rendered":"
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Ripple\u2019s XRP has slipped below the $2.00 threshold for the first time in nearly three months, signalling growing unease across the digital asset market. <\/p>\n

In the past 24 hours alone, XRP shed 0.56% to trade at $2.00, deepening a correction that began last week. <\/p>\n

Since peaking at $2.17 on 19 June, XRP has declined, with prices briefly touching $1.90 before a slight rebound.<\/p>\n

<\/figure>\n

Source: CoinMarketCap<\/a><\/em><\/p>\n

The downturn isn\u2019t isolated. The global crypto market cap fell 2.6% over the same period, with several major assets posting double-digit weekly losses. <\/p>\n

Analysts suggest the XRP decline is not due to internal weakness but rather part of a wider market correction driven by geopolitical instability and inflationary fears.<\/p>\n

Iran-Israel conflict sends oil soaring, crypto markets into turmoil<\/h2>\n

The biggest external driver behind the ongoing crypto slump is the escalating conflict between Iran and Israel. <\/p>\n

Tensions intensified on 22 June after the United States bombed three Iranian nuclear sites.<\/p>\n

In retaliation, Iran fired missiles at Israeli targets and issued threats against US military bases in the Middle East.<\/p>\n

Adding to the volatility, Iran\u2019s parliament has voted in favour of closing the Strait of Hormuz, a crucial route for one-third of the world\u2019s oil shipments. <\/p>\n

Markets responded sharply. Brent crude prices surged 3%, and WTI futures hit a five-month high.<\/p>\n

Rising energy prices typically increase inflation risks and reduce global liquidity, both of which tend to put pressure on high-risk assets like cryptocurrencies.<\/p>\n

XRP part of a wider correction, not a stand-alone slump<\/h2>\n

While XRP\u2019s fall to $2.00 has raised alarm among holders, analysts argue the decline mirrors broader market sentiment rather than signalling a fundamental flaw. <\/p>\n

Bitcoin dropped 4.9% over the week, Ethereum lost 14%, and Solana fell 14.7%. <\/p>\n

Meme tokens like Dogecoin declined by 14%, while Cardano and Sui saw losses of 15.7% and 20.3%, respectively. <\/p>\n

BCH (Bitcoin Cash) also registered a 20.3% drop.<\/p>\n

Despite the correction, XRP remains one of the better-performing assets on a yearly basis, up 310.4% compared to this time last year, outperforming even Bitcoin and Ethereum in relative gains.<\/p>\n

Analysts still predict XRP could rally to $27<\/h2>\n

Technical analysts tracking XRP remain cautiously optimistic. EGRAG Crypto<\/a>, a widely followed figure on X (formerly Twitter), suggested that XRP could reach between $6.70 and $13, with an extended target of $27 if historical fractal patterns repeat. <\/p>\n

These predictions, while not guaranteed, are based on XRP\u2019s tendency to stage large upward moves following extended consolidation periods.<\/p>\n

Supporters argue XRP\u2019s long-term strength lies in its real-world use cases \u2014 especially in cross-border payments and tokenised settlements \u2014 rather than daily price action. <\/p>\n

Ripple Labs\u2019 ongoing partnerships with financial institutions and expansion in Asia-Pacific markets are also seen as key growth drivers for the token\u2019s adoption.<\/p>\n

Still, short-term headwinds remain, and much depends on how the geopolitical situation unfolds. <\/p>\n

Rising energy prices could continue to weigh on liquidity, while fears of global inflation may prompt further selloffs across digital assets.<\/p>\n

The post XRP drops to $2 as geopolitical tensions fuel 11% weekly slide<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Ripple\u2019s XRP has slipped below the $2.00 threshold for the first time in nearly three months, signalling growing unease across the digital asset market. In the past 24 hours alone, XRP shed 0.56% to trade at $2.00, deepening a correction that began last week. Since peaking at $2.17 on 19 June, XRP has declined, with…<\/p>\n","protected":false},"author":1,"featured_media":1356,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1355","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/posts\/1355","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/comments?post=1355"}],"version-history":[{"count":0,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/posts\/1355\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/media\/1356"}],"wp:attachment":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/media?parent=1355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/categories?post=1355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/tags?post=1355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}