XRP was the token that fell the most compared to Bitcoin and Ethereum.

XRP Lost More Than 16%

XRP dropped to approximately $1.29 with a decline of over 16% in the last trading day. This drop, along with Bitcoin's 7% loss, resulted in XRP showing the worst performance among major crypto assets.

Liquidations Intensified Market Fluctuations

Approximately $46 million worth of XRP derivatives were liquidated, further deepening this decline. The liquidation of highly leveraged long positions was triggered as prices broke critical technical levels. This situation transformed the support level at $1.44 into resistance and highlighted the $1.00 level as the next psychological target.

Market Did Not Respond to Fundamental Developments

Recently, there have been positive developments for XRP and Ripple. News such as new institutional decentralized finance access and electronic money licenses have failed to effectively boost market sentiment. This situation indicates that the price of XRP remains tied to position-taking and momentum movements rather than fundamental data in the short term.