[Crypto World] Japan's two-year government bond yield has broken 1% for the first time in twenty years, which has directly shaken up the global market. The stock market has collapsed, and the crypto world hasn't escaped either, with cries of despair all around.
Bitcoin couldn't hold up at the key resistance level, dragging the entire crypto market down with it. Ethereum and Solana followed with a sharp drop, and funds fled faster than anyone else.
Looking at XRP again, it's even worse this time. It barely rebounded before, but got stuck around $2.30 to $2.40 and couldn't move at all. Now the price is almost touching the $2.00 support line—if it closes below this level? That would be dangerous.
From a technical perspective, once it falls below 2 dollars, the next stops could be 1.90, 1.80, or even 1.60 dollars. In the short term, the fate of XRP basically depends on the global market sentiment; if risk appetite tightens slightly, the decline may accelerate at any time.
In simple terms, the current market is like dancing on the edge of a knife; one small misstep can lead to a missed opportunity.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
4
Repost
Share
Comment
0/400
SocialAnxietyStaker
· 2h ago
The blow to the Japanese bond market means the whole world has to go down with it.
XRP is really suffering, unable to hold even 2 dollars, let alone talk about a rebound.
BTC's situation also looks very precarious, feeling like there's not much hope in the short term.
Cut loss or hold on until death, that's the question.
The losses are catastrophic, and no one can save it.
View OriginalReply0
SerNgmi
· 2h ago
If the Japanese bond breaks 1% directly, XRP is really in trouble this time, if it can't hold $2, it's over.
View OriginalReply0
ETH_Maxi_Taxi
· 2h ago
XRP is struggling again, can it really not hold the 2 dollar mark?
BTC can't even break the resistance level, let alone the small coins, they are all being dragged down.
When Japan's debt situation gets messy, the whole world follows suit, and funds are indeed fleeing rapidly.
If it really breaks below 2 dollars this time, there's still 1.6 waiting behind.
In the short term, there's no hope to be seen, just waiting for the global risk appetite to ease up a bit.
View OriginalReply0
LiquidatedDreams
· 2h ago
Here we go again, Japan's move has directly slammed everyone down, XRP tried to struggle a bit but ended up dying at 2 bucks.
The Japanese bond yield breaking 1% triggers a chain reaction, XRP falls towards the $2 death line.
[Crypto World] Japan's two-year government bond yield has broken 1% for the first time in twenty years, which has directly shaken up the global market. The stock market has collapsed, and the crypto world hasn't escaped either, with cries of despair all around.
Bitcoin couldn't hold up at the key resistance level, dragging the entire crypto market down with it. Ethereum and Solana followed with a sharp drop, and funds fled faster than anyone else.
Looking at XRP again, it's even worse this time. It barely rebounded before, but got stuck around $2.30 to $2.40 and couldn't move at all. Now the price is almost touching the $2.00 support line—if it closes below this level? That would be dangerous.
From a technical perspective, once it falls below 2 dollars, the next stops could be 1.90, 1.80, or even 1.60 dollars. In the short term, the fate of XRP basically depends on the global market sentiment; if risk appetite tightens slightly, the decline may accelerate at any time.
In simple terms, the current market is like dancing on the edge of a knife; one small misstep can lead to a missed opportunity.