Amid growing bearish sentiment in the crypto market, XRP remains under pressure—but not everyone believes a major collapse is ahead. Prominent XRP community figure Xena insists the asset won’t revisit price levels below $1, even after dipping under the $2 mark during the recent weekend selloff.

As global events trigger financial uncertainty, analysts are split on how deep the current correction might go. Still, XRP supporters argue that the digital asset has reached a new price floor—making a return to the cents range unlikely.

XRP Slips Below $2 After Middle East Tensions Escalate

Over the weekend, the broader crypto market lost more than $250 billion in value following a U.S. strike on key Iranian nuclear sites in Isfahan, Fordo, and Natanz. This geopolitical shock led to sharp declines across digital assets, pushing total market capitalization below $3 trillion for the first time in over a month.

XRP, like most cryptocurrencies, wasn’t spared. The token dropped to $1.90—its lowest level in 10 weeks—triggering fears of a deeper retracement. However, some market voices are urging calm.

Xena: XRP Below $1 is No Longer a Reality

Xena, an outspoken XRP supporter, responded to the weekend drop by reinforcing her belief that XRP is unlikely to return to sub-$1 levels. She shared a chart of XRP’s recent dip but argued that the $1 level had become a firm psychological and technical base.

Her confidence stems from XRP’s performance during the Trump-led crypto rally in late 2024, when the asset broke through $1 for the first time in three years. Just weeks later, XRP surged to over $2, marking its highest level in seven years.

Since then, XRP has consistently traded above $1—even as the broader market has moved through several bearish cycles.

XRP’s $1 Floor Still Holding Strong

Despite occasional dips, XRP has managed to hold above the $1 mark for more than seven months. The $2 region, however, has proven to be a battleground. After slipping to $1.90 over the weekend, XRP bounced back to $2.03 at the time of writing—recovering alongside the broader crypto market.

While the current level remains fragile, analysts like Xena continue to see strength in XRP’s long-term positioning. She views recent pullbacks as temporary and sees the current consolidation as a healthy phase.

Other Analysts Weigh In on XRP Outlook

Not all market participants share Xena’s optimism. In recent months, technical analysts have pointed out bearish chart patterns, including a potential head-and-shoulders setup that could pull XRP toward the $1 level.

In December, a well-known trader named “IncomeSharks” even warned that XRP might drop to $0.60—effectively erasing all its 2024 gains. However, that scenario has yet to play out.

In contrast, other prominent voices like The Bearable Bull and Vandell Aljarrah have maintained that XRP is unlikely to revisit the cents range. Aljarrah, founder of Black Swan Capitalist, even remarked that if XRP does dip below $1 again, he would view it as a buying opportunity—not a reason to panic.

Price Update and Market Sentiment

At the time of reporting, XRP is priced at $2.03, down 7.7% over the past week. While the price has struggled to reclaim a strong position above $2, many in the XRP community remain bullish about the long-term prospects.

As tensions in global markets ease and investor sentiment stabilizes, XRP may attempt to retest resistance zones near $2.20 and $2.50. For now, all eyes remain on whether it can continue holding the $2 support—or if new volatility will push it back toward the $1.90 zone.

Conclusion: Caution and Confidence in Equal Measure

The crypto market continues to grapple with external shocks and internal volatility, but XRP appears to be maintaining resilience at key price levels. Although bearish forecasts remain a possibility, many believe XRP has matured past its days in the cents range.

Whether or not that confidence holds in the face of further corrections remains to be seen. For now, traders and long-term holders alike are watching closely to see if XRP can stay above the $2 mark—and avoid any slip toward the feared sub-dollar territory.