XRPUSD Falls to $1.80 in Broad Cryptocurrency Selloffs
Ripple (XRPUSD) fell 3.11% to $1.80 in the past 24 hours, underperforming the broader crypto market trading direction. Bitcoin, Ethereum and other altcoins have come under pressure over broader cryptocurrency selloffs despite the US Fed rate cut in December.
Trading data obtained from CoinMarketCap.com indicates that bitcoin dominance rose to 59.2%, reflecting capital rotation away from alts like XRP during fear-driven markets.
The market anticipates Bank of Japan monetary tightening will add additional pressure on liquidity, which could trigger huge leverage positions liquidation.
Top 10 cryptocurrencies have been bleeding as investors continue to rotate out, with ETF linked assets recording outflows.
The key pressure point has been institutional investors’ selloffs. On Thursday, XRP faces mixed signals: technical weakness contrasts with institutional momentum and regulatory tailwinds.
Data from CoinMarketCap.com showed that XRP fell amidst rising trading volume. The altcoin trading volume increased by about 12% in the last 24 hours, and Ripple market valuation stands at $109.65 billion.
Data from crypto exchanges showed the entire market capitalisation of all digital assets fell below $2.90 trillion as a result of fear-dominated market transactions. The market slipped after a volatile reaction to softer U.S. CPI data.
On the technical side, XRP failed to reclaim the $1.9–$2.00 zone, a multi-week resistance level aligning with Fibonacci retracement. The rejection occurred despite a 147% spike in trading volume, signalling distribution by larger holders.
Technical traders viewed the failed breakout as a bearish confirmation, triggering stop-loss orders. Now, crypto analysts doubt if XRP can hold at $1.81 support amid thinning liquidity, or whether Bitcoin’s trajectory dictate further downside.
In other news, Binance is exploring a relaunch to regain its footing in the U.S. market, including reducing founder CZ’s stake and partnering with BlackRock and Trump-linked firms.
The U.S. market share plummeted post-2023 regulatory actions, but renewed interest in crypto-friendly policies under the President Donald Trump administration could revive activity.
The market believes that a revitalized Binance.US could improve XRP’s liquidity and trading access, though regulatory hurdles remain. First HoldCo Extends Rally on Strategic Divestment, Closes at Record High
