A market-wide selloff has driven XRP down to $1.02 on Friday, marking its weakest price since February and testing a psychologically significant support level after months of declines. According to CryptoSlate data, the slide has triggered investor capitulation at the fastest pace since the 2022 crypto crash, as traders rush to reduce their exposure to one of the market's largest tokens. The retreat toward the $1 threshold raises questions about whether the asset can hold ground amid broader risk-off sentiment across the digital asset space. The accelerating pace of selling suggests waning conviction among holders who have weathered prolonged price weakness. Should XRP fail to defend the $1 mark, it could signal deeper downside pressure and further erode confidence among long-term investors already strained by the extended downturn affecting much of the cryptocurrency market.
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