The post Will It Drop to $1.50 as War Fears Grow? appeared on BitcoinEthereumNews.com.

The recent escalation between the United States and Iran has rattled global financial markets, including the cryptocurrency sector. Following a strategic U.S. military strike on Iran’s nuclear production facilities, uncertainty has surged. Iran has denied the destruction of its facilities, while the U.S. maintains it was a successful operation. This confrontation has amplified investor anxiety, triggering a broad market sell-off. Over $250 billion has been wiped out from the crypto market’s total capitalization, which now hovers around $3.1 trillion. Bitcoin has slipped below $100,000, and Ethereum is nearing the $2,000 mark again. This downturn isn’t isolated—nearly all major crypto assets are in the red, driven largely by fear, emotion, and massive liquidations. In the past 24 hours alone, over $1 billion in leveraged positions were wiped out, with long positions accounting for $900 million of that. XRP has taken a hit alongside the broader market, dropping approximately 8% in the past day and nearly 10% over the week. It has fallen below the $2 mark, a critical psychological support level. The dip aligns with previous expectations that a geopolitical escalation would trigger such a move. Source – Austin Hilton on YouTube XRP Price Prediction At the time of writing XRP is trading at $2.02 with a market cap of $119 billion. If volatility persists and market sentiment continues to erode, $XRP could slide further to $1.75, and potentially even test the $1.50 zone. These levels would represent significant corrections but could also provide buying opportunities for long-term investors. The outlook remains heavily tied to how the geopolitical situation unfolds, especially whether tensions escalate or diplomacy prevails. Encouragingly, there are early signs that global superpowers like Russia and China may choose not to intervene, potentially containing the crisis. While fear of nuclear escalation lingers, the crypto market has shown relative resilience.…

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Filed under: News - @ June 23, 2025 4:28 am