XRP Price Crash to $1? Best Altcoins to Buy Instead

XRP has experienced a staggering 15% drawdown in the past 24 hours. Its price has lost the $2 support mark, so it now risks an even worse selloff.

But as traders exit XRP, other altcoins are displaying strength. For instance, Solaxy has just crossed the $29 million raised mark in its presale, and BNB has well outpaced XRP and Ethereum. Could these projects prove to be the best altcoins to buy?

XRP Loses $2, Major H&S Bearish Reversal Risk

Despite the crypto market’s struggle in March, XRP bulls defended the $2 support level, showing impressive strength and protecting against a head-and-shoulders chart pattern.

However, today’s stock and crypto market selling has proved too much to handle, and XRP has now fallen below $2 for the first time since December.

Analysts have been warning of this head-and-shoulders chart pattern since late January, but it’s only now that the $2 neckline has been breached that it becomes a real issue.

A head-and-shoulders pattern typically signifies a bearish trend reversal, which in this case could plunge XRP to $1 or even lower.

The recent crash has even alarmed prominent XRP community members, who are typically positive even when other cohorts of crypto holders are fearful.

$XRP THIS IS SO BAD! pic.twitter.com/H9Jk2GqfS8

— XRP whale (@realXRPwhale) April 7, 2025

Trader Warns More Losses to Come For XRP

XRP is the worst hit of the top five cryptos today, with a 15% sell-off, but the selling may be far from done.

Analyst Jesse Colombo says the $2 neckline breach indicates that XRP could retreat to $0.6 in the coming months, “completely unwinding its fall rally.”

$XRP is officially breaking below its support zone.

The head and shoulders pattern projects it sinking all the way back to 60 cents in a complete unwinding of its fall rally. pic.twitter.com/V9vwNborDy

— Jesse Colombo (@TheBubbleBubble) April 7, 2025

Similarly, prominent futures trader Peter Brandt said last week that a dip below $2 signifies the beginning of a stronger downward move to $1.07.

Don't shoot the messenger.
Your favorite Beanie Baby/Pet Rock crypto displays a classic complex H&S top. This could become bullish if 3.0 is exceeded, otherwise the implications is a decline to 1.07. If you have an issue with this, take it up with Magee and Edwards $XRP pic.twitter.com/nHaIgn8uP4

— Peter Brandt (@PeterLBrandt) March 28, 2025

A lot of XRP’s positive sentiment was rooted in its ability to hold $2 even while the broader market lost key levels in March.

However, the break below and subsequent confirmation of a head-and-shoulders reversal pattern has injected a heightened sense of fear into the community, exasperating its bearish potential.

Therefore, traders wishing to capitalize on the market’s current low prices are looking to other altcoins instead.

These Projects are Outpacing XRP – Best Altcoins to Buy Now?

As XRP and other top cryptos crash, Solaxy continues to generate substantial interest. The project is currently undergoing a presale where it has raised $29.4 million, with over $100K of that coming in the last day.

Solaxy is building the world’s first Solana layer 2 blockchain, aiming to tackle the network’s congestion issue and provide cheaper, faster, and more reliable transactional throughput.

While the project’s goals could reshape one of the top blockchain ecosystems, its presale allows investors to participate from the ground up.

So even while the market is facing troubles, investors have no concerns with participating in the Solaxy presale. Its early stage negates a lot of the risk other cryptos currently face, and its strong use case makes it an opportune alternative to other new cryptos.

Another project displaying resilience is BNB. It’s the native cryptocurrency to BNB Chain and has been on a tear recently. Binance Founder Changpeng “CZ” Zhao has made proactive efforts to boost BNB Chain’s popularity, leading to a plethora of viral meme coins and the growth of ecosystem tokens such as $CAKE and $FORM.

And today, BNB has maintained parity with Bitcoin as both cryptocurrencies slide by 7%. It’s also holding up far better than XRP and Ethereum, which are each down between 14% and 15%.

And as mentioned, its ecosystem is thriving right now. For instance, a meme coin called Banana For Scale has gained 5% in the past 24 hours, even amidst the turmoil. It’s almost like business as usual for BNB Chain users.

BNB’s strength illustrates the community’s support and could well lead to a stronger and faster recovery than other top cryptocurrencies such as XRP.