XRP has dropped more than 6%, Bitcoin is below the support level.

XRP's Decline and Market Reaction

XRP has fallen by approximately %6.3 to $1.54 due to broad-based selling pressure in the cryptocurrency market. It is reported that there is no specific asset-related catalyst behind this decline.

Plummeting below the $1.60 support level likely triggered forced sell-offs. Attempts to regain the $1.56 level have so far been unsuccessful.

Investors note that maintaining the $1.50 level and then recovering the $1.60 - $1.62 range would alleviate downward pressure. If the price falls further, the risk of decline increases to $1.38 and potentially to $1.02.