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Ripple-linked XRP drops 5%, opening downside risk toward $1.70
['Shaurya Malwa']
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
XRP slid sharply as bitcoin pulled back, triggering a high-volume breakdown that erased last week’s gains before buyers stepped in near $1.80.
News BackgroundXRP fell alongside broader crypto weakness as bitcoin retreated, pressuring high-beta tokens and unwinding recent gains.
The decline followed a rally earlier in the week that occurred on thin volume, leaving XRP vulnerable once broader market sentiment turned.
The breakdown erased the prior session’s advance and pushed price quickly toward $1.80, where buyers emerged to slow the decline.
Structure improves only if XRP can reclaim and hold above the breakdown zone.