XRP Sinks by 14% as Extreme Fear Stokes Sell Pressure
Ripple (XRP) has lost about 14% in the last 24 hours, settling at $1.35 on Thursday in the crypto market as extreme fears stoked sell pressure.
XRP’s sharp drop reflects a high-beta altcoin caught in a market-wide liquidation spiral, compounded by extreme fear and technical breakdown. The price movement is not an isolated event, though its higher beta led to underperformance.
Ripple is currently underperforming in a falling market, with the total value of all digital assets down to $2.4 trillion, primarily driven by a leveraged unwind amid extreme fear.
The Broader market downturn was spurred by a sell-off that heated up on the day, with Bitcoin down 8% and the total crypto market cap falling by more than 7%.
Crypto analysts said XRP holds above $1.30, a relief bounce toward $1.50 is possible; a break below risks a drop to $1.20.
The price slump was exacerbated by a derivatives squeeze. Global perpetuals open interest jumped 14.26% in 24h, indicating high leverage entering the sell-off.
Concurrently, BTC liquidations totaled $378.82 million, suggesting a cascade of forced closures that spilled over into altcoins like XRP. Analysts acknowledged that high leverage magnified the downward move, turning a market-wide correction into a sharp liquidation event.
Investors are now looking forward to a stabilization in global open interest and funding rates turning positive, which could signal a slowdown in selling pressure.
XRP moved in the same direction as the market but fell nearly twice as much as Bitcoin (-7.02%). The total crypto market cap dropped 6.45% to $2.37 trillion.
The trend is bearish, but oversold conditions could fuel a short-term bounce if broader market pressure lifts. Crypto analysts guide investors to watch for XRP reclaiming the $1.50 pivot point; failure to do so keeps the path of least resistance downward. Bitcoin Plunges to 69K, Lost About 9% in 24h

