XRP Price Crashes 7.5% — What’s Driving the Sudden Drop and What Comes Next?

XRP has entered another volatile phase, plunging 7.54% today (October 17) to $2.21 as selling pressure intensifies across the crypto market. The drop comes after XRP failed to hold its key $2.47 support level, sparking renewed fears of a deeper correction.

The decline mirrors a broader crypto market selloff, driven by a combination of global economic headwinds, ETF outflows, and investor uncertainty around U.S. regulatory policies. Risk-off sentiment has hit altcoins particularly hard, with traders favoring Bitcoin and Ethereum over mid-cap tokens like XRP.

Technical indicators show growing weakness:

• RSI (Relative Strength Index) has dropped to 28.92, signaling oversold conditions.
• ADX (Average Directional Index) is holding at 37.39, indicating a strong bearish trend.
• Volume on major exchanges surged 18% in 24 hours, showing heightened short-term trading activity.

Analysts warn that if XRP fails to stay above $2.20, the next key support lies around $2.00, a psychological and technical level that could determine whether the downtrend deepens.

On the upside, reclaiming the $2.47–$2.50 zone could reestablish bullish momentum, especially if Bitcoin stabilizes above $110K and Ethereum maintains strength above $4,000.

Fundamentally, Ripple remains active on several fronts — from expanding partnerships with global payment providers to exploring institutional tokenization projects. However, lingering uncertainty over SEC regulations and market-wide liquidity tightening continue to weigh on XRP’s short-term prospects.

For now, traders are split: some view the dip as a buying opportunity in an oversold market, while others warn that a break below $2.00 could open the door to a steeper correction.

As the market recalibrates, all eyes are on whether XRP can stage a rebound — or if this marks the start of another leg down in an increasingly fragile crypto landscape.