On December 2, 2025, global markets are reeling from a spike in Japan’s 2-year government bond yield above 1%, the highest since 2008, triggering widespread selling in stocks and cryptocurrencies, per CoinPedia News. Bitcoin (BTC) rejected resistance and pulled altcoins down, with XRP dropping to test $1.99, down 7% in 24 hours, per CoinDesk. Ethereum (ETH) fell to $4,070, while the total crypto market cap slid 3.5% to $3.8T, per CoinMarketCap. Profit-taking and leveraged liquidations, amplified by the Japanese carry trade unwind, have shifted sentiment to extreme fear (Fear & Greed Index at 24).
XRP is grappling with a long-term bearish divergence, where price forms lower lows despite RSI higher lows, signaling weakening momentum, per. After a short-term bounce to $2.30–$2.40 resistance, it rejected sharply, now hovering near $2.00 support, per. A daily close below $2.00 could cascade to $1.90, $1.80, and $1.60, per. Volume surged to 149.1M, double the daily average, indicating institutional selling, but bulls defend $2.00, per. RSI at 45 shows oversold conditions, hinting at a potential rebound if BTC stabilizes above $112,000, per TradingView.
The 21Shares XRP ETF launch on December 1, 2025, failed to stem the tide, with initial inflows tapering amid outflows from broader ETH and BTC ETFs, per. XRP’s on-chain activity remains strong, with $5.9B 24-hour volume and $128.6 market cap, ranking fourth, but ETF delays and SEC scrutiny under the Securities Act add uncertainty. X posts from @CryptoKing_Leo warn of a rising wedge bearish breakout in BTC, potentially dragging XRP lower. Conversely, @Dishawatcher highlights mixed signals, with whale accumulation possibly forming a bear trap.
XRP could rally to $2.05–$2.07 short-term if $2.00 holds, targeting $2.30 by mid-December, per CoinCodex. Longer-term, analysts forecast $2.70–$2.85 by year-end, driven by ETF inflows and Ripple’s banking partnerships, per Yahoo Finance, though ChatGPT’s conservative $2.02 reflects caution, per. For 2030, projections range from $3.96 (Binance) to $26.50 (Coinpedia), per. Investors should watch Jackson Hole’s Fed speech on August 22 for rate cut clues, per. Dollar-cost average XRP with stop-losses below $1.99, or diversify into USDC, per TradingView. Follow @TheBlock__ on X for updates.
