Prices have been moving fast in the cryptocurrency market on February 25, with hundreds of millions of dollars erased in a bloodbath that has taken Bitcoin (BTC) below $89,000 for the first time since November and Ethereum (ETH) below $2,400 for the first time since October.
XRP, one of the most prominent tokens in the world, in no small part thanks to Ripple Labs’ long legal battle with the SEC, has not been spared either and has plunged a total of 18.50% in the last 7 days to its press time price of $2.11.
XRP 7-day price chart. Source: Finbold
Furthermore, having lost its previous and critical support level near $2.30, XRP now appears poised for an even greater crash, and a prominent on-chain analyst, Ali Martinez, is now predicting a fall to lows not seen since the early days of the Donald Trump re-election rally.
Is XRP set for a massive crash?
Specifically, in an X post posted in the small hours of February 25, Martinez explained that XRP is breaking out of its pre
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