Crypto News
XRP slid 9% on the session to $1.28, the token's largest one-day percentage loss since February 5, after trading between $1.40 and $1.45 just 24 hours earlier. The decline pushed XRP's market cap to roughly $80 billion, or about 3.34% of the total crypto market, and left the token sitting 65% below its all-time high of $3.65 set in July. The move was not isolated: Bitcoin slipped to $75,500, down 2%, while Ether traded below $2,400, off 4%, framing the XRP drop as part of a wider market flush.
Why it matters
The simultaneous drawdown across BTC, ETH and XRP reads more like a risk-off rotation than an XRP-specific event, which limits the read into XRP's fundamentals but extends the technical damage. XRP's 8.2% weekly slide and 10.4% monthly drop now compound a tape that already bled out most of the late-2024 relief rally. With roughly $80 billion in 24-hour turnover, the price is still inside an active discovery zone rather than a low-liquidity drift lower.
Market impact
Traders are watching the $1.28 to $1.30 band as the immediate line: a successful defense here would mark the second consecutive base attempt after several failed rebounds, while a clean break opens the door toward the next psychological support near $1.20. Failed recovery attempts through the session suggest sellers remain in control into the close, with any bounce likely to be sold until the broader market tone stabilises. The deeper read is whether XRP can decouple from the altcoin complex's next move, or whether it continues to absorb the marginal selling first.
Frequently asked questions
-
How much did XRP drop today?
XRP fell roughly 9% on the session to $1.28, the token's largest one-day percentage loss since February 5, after trading between $1.40 and $1.45 just 24 hours earlier.
-
Why is XRP falling along with Bitcoin and Ethereum?
BTC slipped 2% to $75,500 and ETH fell 4% below $2,400 in the same session, framing XRP's drop as part of a broader market flush rather than a token-specific event.
-
What is the key support level for XRP right now?
Traders are watching the $1.28 to $1.30 band as the immediate support. A successful defense there marks a second consecutive base attempt; a clean break opens the path toward $1.20.
-
How far is XRP from its all-time high?
XRP trades 65% below its all-time high of $3.65, set on July 18 last year, with market cap near $80 billion versus a peak of $210 billion.
-
What is XRP's longer-term performance picture?
XRP is down 10.4% over the past month and 8.2% over the past week, compounding a tape that has already given back most of the late-2024 relief rally.
CryptoSlate
WatcherGuru
Lookonchain
Benjamin Cowen
Glassnode
CoinDesk