XRP Price Under Pressure as Trump-Musk Feud Spreads Through Crypto Markets

The recent feud between U.S. President Donald Trump and tech entrepreneur Elon Musk has triggered a market downturn in the cryptocurrency space, with XRP facing significant price drops. A key support level at $2 is now under threat, following a 6.82% decline on June 5th. Analysts warn of potential losses exceeding 25%, if XRP fails to hold its ground above this crucial threshold. While recent bullish sentiment regarding XRP’s potential victory in the Ripple-SEC lawsuit adds complexity, the current market turmoil threatens to overshadow these gains.