XRP Tumbles Eleven Percent as Crypto Markets Face Heavy Selling

The crypto tape turned bright red again, and XRP got caught right in the blast zone. The token shed about 11% in a single session, tracking a brutal slide across the digital-asset complex as traders ditched risk and rushed for the exits. From majors to mid-caps, nearly everything with a ticker was under pressure, but XRP’s drop stood out because of how quickly momentum flipped from steady to straight-down.

By mid-day trading in the U.S., XRP hovered in the low-to-mid $1 range, a steep pullback from the levels bulls were defending just days ago. Volume spiked hard, derivatives funding rates cooled, and liquidation trackers lit up, pointing to forced unwinds rather than calm, orderly selling.

Marketwide Liquidations Hammer Altcoins

The decline in XRP wasn’t a solo act. Bitcoin slipped through important short-term support, while Ethereum followed with its own retracement. When the big dogs stumble, liquidity usually drains from the rest of the board  and that’s exactly what played out.

Across futures venues, traders saw billions of dollars in leveraged positions wiped out over a 24-hour window. Long positions took the majority of the pain, a sign that too many participants were leaning bullish after weeks of relatively stable price action.

Analytics firms noted that open interest dropped sharply while volatility indices jumped. That combination typically screams de-risking, not strategic rotation.

XRP By the Numbers: What the Data Shows

Here’s where it gets real for market nerds.

• Daily loss: ~11%

• Seven-day performance: down roughly 15-20% depending on exchange pricing

• Volume: up more than 40% versus the prior daily average

• Market cap rank still inside the top tier, but dominance slipping

On-chain data shows a rise in coins moving from private wallets toward exchanges, often interpreted as potential intent to sell. At the same time, short-term holder profitability dipped, meaning a larger share of recent buyers are now underwater.

Technical Picture Turns Fragile Fast

Chart watchers say XRP lost a cluster of moving averages that had acted like a safety net since late last quarter. Once those cracked, automated systems and momentum funds likely added fuel to the slide.

Immediate support now sits near the $1.30 region, with psychological interest building around $1.00. If bids fail to show up there, analysts warn the market could hunt deeper liquidity pockets below.

On the upside, reclaiming former support near the mid-$1s would be the first sign that sellers are running out of steam. Until then, rallies may be treated as opportunities to lighten exposure.

Ripple Developments Offer Long-Term Contrast

What makes the drop extra frustrating for loyalists is that it lands during a period of continued expansion efforts by Ripple Labs. The company has pushed deeper into cross-border payments infrastructure, landing partnerships and regulatory approvals in multiple regions.

From a fundamentals standpoint, supporters argue the network’s utility story hasn’t changed overnight. But markets, especially crypto market can stay emotional longer than narratives stay tidy.

Sentiment Swings From Dip-Buying to Capital Preservation

Fear gauges tied to digital assets ticked higher as social chatter shifted. Just last week, traders were debating upside breakouts. Now the tone is about capital preservation, tighter stops, and waiting for confirmation before jumping back in.