XRP Price Drops 10% as Broader Crypto Sell-Off Intensifies

XRP was trading around $1.28, down 9% on the day, marking its steepest single-day percentage decline since Feb. 5. The sharp drop shifted attention toward whether the token could stabilize after trading between $1.40 and $1.45 during the previous 24 hours.

The sell-off brought XRP’s market capitalization down to about $80 billion, representing 3.34% of the overall cryptocurrency market. The token’s peak market capitalization previously reached $210 billion. At the time of reporting, XRP remained roughly 65% below its all-time high of $3.65, recorded on July 18 last year.

The weakness was not limited to XRP. Bitcoin was trading near $75,500, down 2%, while Ethereum fell 4% to below $2,400. The declines across major cryptocurrencies provide broader context for XRP’s latest move.

Why the $1.28-$1.30 Range Is Important for XRP

XRP remained near $1.28 following another significant decline, with the token down 0.7% over the latest 24-hour period. Losses were considerably larger over longer periods, with XRP down 8.2% over seven days and 10.4% over the past month.

Trading activity has remained elevated, with approximately $80.46 billion in XRP changing hands over 24 hours. The supplied market data also puts XRP’s market capitalization at around $5.88 billion, while recent price action shows a volatile decline following several unsuccessful recovery attempts.

The move to $1.28 has brought XRP into a significantly lower trading area after sustained selling pressure. The immediate focus is whether buyers can establish support around the current zone or whether continued selling sends the token toward new lows.

Recent chart action shows that XRP attempted to recover from an earlier decline before sellers regained control. The subsequent sell-off pushed the price back toward $1.28, making the area a key point of interest as traders look for signs of stabilization.

For now, XRP’s 10.4% monthly decline combined with heavy trading activity keeps attention on whether demand can absorb the remaining selling pressure and prevent another leg lower.