XRP Crash Raises Alarms Amid Ray Dalio’s “Once-in-a-Lifetime Breakdown” Warning

YEREVAN (CoinChapter.com) — XRP dropped 2.60% to $1.84 on April 8, slipping below a key support at around $1.90.

This support had held since early December 2024, making it a key price zone. As this technical breakdown occurred, billionaire investor Ray Dalio issued a warning about the global economy. In an interview with Bloomberg, he said a “once-in-a-lifetime major breakdown” is unfolding. The timing of this statement adds more pressure to already uncertain crypto markets.

XRP Chart Shows a Possible 49% Drop

Crypto analyst KNIGHT (@cryptoknight890 on X) posted a chart showing that XRP has broken below $1.90, a level that acted as strong support since late 2024. This level worked like a floor — every time XRP dropped to that price, buyers came in and pushed it back up. That pattern repeated for months, showing that many traders believed XRP had value at that level.

Now, XRP has closed below that support. This shift is important because it means those buyers are no longer stepping in to stop the fall. The chart shows a blue box, measuring the possible next move down. That box points to $0.95 as the likely next target — a potential 49% drop from the $1.90 level.

Below that, there’s a green area between $0.80 and $1.05. That’s where support might appear again. This green zone is the price range where XRP traded before the big rally in late 2024. It could act like a new floor if the selloff continues.

The chart also shows how XRP got weaker over time. Each time it tried to bounce, the price didn’t go as high. The rallies kept failing around $2.00, which became strong resistance. That means sellers were active at that level, and buyers couldn’t push through.

The breakdown under $1.90 comes after weeks of falling prices, with no strong reversal. The chart suggests that unless XRP climbs back above $1.90 quickly, more losses could follow.

Ray Dalio, founder of Bridgewater Associates, recently outlined various risks building across the global economy. Speaking to Bloomberg, he pointed to rising government debt, high inflation, social unrest, and growing tensions between world powers. These issues, he said, are not isolated. They’re happening simultaneously and putting increasing pressure on the global financial system.

Dalio also warned about deepening wealth inequality, creating internal strain in many countries. At the same time, debt levels have climbed so high that central banks have limited options to respond to economic problems. This mix of financial and political stress, he said, could lead to major disruptions in how global systems function.

These concerns directly affect risk assets like XRP. Investors who see rising debt and inflation often pull money from volatile markets to reduce exposure. Cryptocurrencies depend on confidence and liquidity, which drop quickly when fear spreads. That’s the kind of environment where strong support levels break down.

XRP’s fall below its long-held support zone reflects this shift. As global uncertainty rises, even key technical levels may no longer hold.

XRP ETF Buzz Fails to Lift Price

Moreover, the first U.S.-based XRP ETF made its trading debut this week, offering 2x leveraged exposure to XRP through swaps.

The product, launched by Teucrium, is designed for short-term speculation and aims to capture XRP’s price volatility. On its first day, the ETF — Teucrium 2x Long Daily XRP ETF (XXRP) — recorded $5 million in trading volume, putting it in the top 5% of ETF launches, according to Eric Balchunas, senior ETF analyst at Bloomberg.

Balchunas called the debut “very respectable,” especially compared to other recent crypto-related ETFs. XXRP also outperformed the newly released Solana ETF from Volatility Shares.

Despite the launch, XRP’s price remained under pressure. The token dropped over 5% in the past 24 hours, continuing a broader downward trend. Pro-XRP lawyer John Deaton responded to the ETF news on X, saying:

“Despite all the negative sentiment from people within the crypto industry, I’ve always maintained that XRP has much more appeal than industry players want to admit.”

However, the price action suggests that even positive developments like an ETF debut and corporate deals may not offset the bearish momentum.