XRP Sinks to $1.35 on Bitcoin Selloffs, Altcoin Rotation
Ripple (XRP) price is down 3% to $1.35, underperforming a slightly weaker Bitcoin, primarily driven by a risk-off rotation out of altcoins amid broader market pressure.
XRP’s narrative is split between strong underlying accumulation and persistent price resistance, with institutional flows offering a counterweight to general market fear.
The Altcoin Season Index fell 5.88% in 24h to 32, according to CoinMarketCap.com, signalling capital is rotating away from higher-risk altcoins like XRP and back toward Bitcoin.
Crypto analysts said this is a typical risk-off move in crypto, amplified by the current “Fear” market sentiment. XRP’s drop is part of a broader altcoin sell-off, not an isolated event.
Bitcoin faced $648.64 million in net ETF outflows driven by macro concerns over inflation and geopolitical tensions. As the market leader weakens, altcoins like XRP often see amplified selling pressure.
Institutional de-risking in Bitcoin removed a key pillar of support for the entire crypto market, dragging XRP lower. Technically, XRP is testing critical support between $1.30 and $1.32. The 3-day Bollinger Bands are at their tightest in over a year, signalling an imminent volatile move.
The coin is at an inflexion point. The next decisive close outside the $1.29–$1.50 range will likely dictate the short-term trend. A 3-day candlestick close above $1.50 to target $1.80, or below $1.29, is expected to open a path toward $1.10.
XRP’s decline is driven by a confluence of weakness in the altcoin sector and spillover from Bitcoin’s institutional outflow woes. #XRP Sinks to $1.35 on Bitcoin Selloffs, Altcoin Rotation XRP Surges as UBS Discloses Exposure to Ripple in SEC Filing
