rewrite this title How Low Can XRP Price Go as Crypto Markets Turn Red Today?

XRP has moved lower again, slipping below $1.89, as weakness across the broader crypto market continues. The drop comes amid rising uncertainty ahead of global economic events, including U.S. non-farm payroll data and growing expectations of a Bank of Japan interest rate hike, both of which have pressured risk assets.

Bitcoin and other cryptocurrencies have also traded lower, adding to the selling pressure on XRP.

XRP Slips Below Short-Term Support

The drop to $1.89 shows that an important short-term support level has been lost. However, analyst Casi Trades says this alone does not confirm a full bearish breakdown.

On higher timeframes, attention remains on the $1.97 area, which is viewed as a critical level for maintaining XRP’s broader structure. As long as this level is not decisively broken on a daily close, the risk of a deeper sell-off remains contained.

Downside Levels to Watch

If XRP fails to reclaim the $2.03 level, which previously acted as macro support, selling pressure could persist. A confirmed break below $1.97 would strengthen the bearish case and could open the door to a move toward $1.64, the next major support zone.

Is a Short-Term Bounce Still Possible?

Despite the recent dip, the analyst  points to slowing downside momentum and short-term bullish divergence signals. These often support brief relief rallies if overall market conditions stabilize.

For any meaningful recovery, XRP would need to move back above $2.03 and hold that level as support. A successful reclaim could allow a retest of resistance near $2.14–$2.16.

What Happens If XRP Turns Higher?

If market sentiment improves and XRP breaks above its next major resistance near $2.41, the outlook would turn more positive. In that case, price targets around $2.75 to $2.90 could come into focus.

However, the broader market environment remains fragile, and XRP’s next move might depend on macro signals and overall crypto sentiment.