XRP Leads Crypto Slump With 16% Drop to $1.29
XRP slid more than 16% over the past 24 hours to about $1.29, marking it the weakest performer among leading cryptocurrencies as markets turned sharply lower. Bitcoin fell roughly 7% on Thursday, and other large-cap tokens also lost ground amid a broad risk-off move. The magnitude of XRP’s drop outpaced peers, wiping out recent gains and renewing short-term volatility in the token’s trading.
The rout matters because abrupt declines can trigger liquidations for leveraged positions and tighten liquidity on exchanges, amplifying price swings across altcoins. Traders and investors will be watching trading volume, order-book depth and whether XRP can find nearby support, while risk-sensitive participants may reduce exposure until volatility eases. Market observers have not pointed to a single confirmed catalyst, with profit-taking and wider market weakness cited as possible drivers.