XRP Price Dives on Cooling ETF Demand, Ledger Payments
Ripple (XRP) dived by about 2% in the last 24 hours to $1.36, closely tracking the broader market decline, primarily driven by macro-induced selling pressure.
The move aligns with Bitcoin’s 2.25% drop amid cooling institutional Exchange Traded Fund (ETF) demand and geopolitical concerns, and is further amplified by deteriorating on-chain fundamentals for XRP itself.
Early trading data on Friday showed that the entire crypto market cap fell 2.01% in 24h, with Bitcoin down 2.25%. XRP’s nearly identical move indicates it’s trading on beta, not coin-specific alpha.
The sell-off was triggered by the largest single-day Bitcoin ETF outflow in over three weeks, signalling cooling institutional demand amid ongoing macro uncertainty from geopolitical tensions and oil price volatility.
Concurrent with the price drop, network activity on the XRP Ledger has sharply declined. Multiple reports note an approximate 80% drop in ledger payments and active accounts, signalling a genuine reduction in utility and user demand that weakens the asset’s fundamental value proposition.
The price decline is supported by weakening underlying usage, making any recovery less sustainable unless on-chain engagement improves.
The immediate trigger is macro-driven, but XRP’s structure is fragile. Key support is at $1.35, with major resistance at $1.40. A sustained close below $1.35 could see a test of the $1.20 support zone.
The ongoing geopolitical situation and Bitcoin ETF flow data due in the next 24-48h are critical near-term catalysts. The path of least resistance remains downward until XRP can reclaim $1.40 with conviction. Short-term bounces should be viewed with caution.
XRP’s decline is a combination of market-wide risk-off flows and coin-specific fundamental deterioration. The derivatives market reset has removed leverage-driven volatility, leaving price moves to be driven by genuine conviction. Useless Coin Lost 15% as Traders Dump Speculative Asset
