XRP drops 4% below $1.30 as bitcoin-led selloff hits majors
XRP fell 4% below $1.30, breaking a key support level amid a broader crypto selloff led by bitcoin, though exchange outflows suggest some accumulation.
XRP dropped 4% on Tuesday, falling below the $1.30 support level that traders had defended for weeks, as a bitcoin-led selloff dragged down major cryptocurrencies.
The breakdown occurred on the heaviest volume of the session, confirming the significance of the move. More than 25 million XRP tokens moved off exchanges in recent days, following the largest single-day inflow of 2025. While such outflows typically signal accumulation, the market continues to treat rallies as selling opportunities, keeping price in a clear downtrend. XRP remains closely correlated with broader crypto sentiment, showing little evidence of asset-specific demand.
For crypto traders, the persistent weakness in XRP and other majors highlights the dominance of bitcoin in driving market direction. When bitcoin leads a selloff, altcoins often suffer disproportionately. NowPrice's real-time crypto quotes show XRP trading near $1.28, with bitcoin also under pressure. The exchange outflow data may offer a glimmer of hope for accumulation, but until the broader downtrend reverses, risk-on positioning remains dangerous.
Looking ahead, traders will watch for any stabilization in bitcoin's price, as a recovery in the largest cryptocurrency could provide relief for altcoins. Key support for XRP lies at $1.20, while resistance is now at the former support of $1.30. On-chain metrics, such as exchange reserves and whale activity, will be closely monitored for signs of accumulation or distribution. The coming days will be critical in determining whether this is a temporary pullback or the start of a deeper correction.