XRP Coin Nosedives: Decoding the Crash and Its Ripple Effect on Crypto Markets

XRP just got sucker-punched—here’s why traders are scrambling.

### The Freefall: What Triggered the Plunge?

No sugarcoating—XRP’s chart looks like a cliff dive. Market whispers point to a perfect storm: regulatory jitters, whale sell-offs, and that classic crypto volatility. Liquidity? Thin as a trader’s patience during a flash crash.

### Domino Effect: Altcoins Sweat as XRP Tanks

When a top-10 coin bleeds, the whole market feels it. BTC maximalists are smug (again), while altcoin bags get heavier. DeFi protocols tied to XRP? Let’s just say their TVL isn’t winning any beauty contests today.

### Silver Linings for Degens?

Blood in the streets means fire-sale prices—if you’ve got the stomach for it. Just remember: ‘buying the dip’ works until it doesn’t (*cough* LUNA *cough*).

### The Bottom Line

XRP’s nosedive is a brutal reminder: crypto giveth, and crypto taketh away—usually faster than you can say ‘tax loss harvesting.’

Understanding the Sudden Drop in XRP

According to CoinMarketCap’s statistics, XRP ranked as the fifth weakest performer among the top 100 cryptocurrencies. Only Celestia (TIA), FLOKI (FLOKI), Worldcoin (WLD), and Aptos (APT) exhibited worse performances. As investors wonder whether XRP will manage to maintain the $3 threshold, the selling pressure continues to mount.

The drop commencing on July 23 tied with February 2 for the year’s worst daily performance. This decline followed March’s record 18.8% plunge, marking the second major shock. Similarly, on April 3, risky assets, including XRP, faced a 10.39% dip prompted by changes in customs tariffs. crypto Traders Are Rushing to This App – Here’s Why You Should Too

CoinGlass data shows $112.81 million in XRP positions liquidated in the past 24 hours, with long positions contributing $105.79 million. Liquidations of this scale generated a domino effect in Leveraged trades, leading to heightened volatility favoring sellers.

Upbit’s Impact on XRP Price Pressure

The day’s selling pressure centered around Upbit, a favored exchange among South Korean investors. The release of 75 million XRP in a single day rapidly increased liquidity, pushing prices downward. This reinforces earlier trends seen at the beginning of the month when South Korean purchases drove price increases.

Analysts suggest this selling wave partially results from global macroeconomic uncertainties coupled with profit-taking observed in recent weeks. Despite this, XRP’s ability to find buyers slightly above $3 indicates not all buyers have retreated from the market.

Nevertheless, successive red candlesticks suggest short-term volatility may persist for the altcoin. For XRP to climb back to the $3.50 region, it requires dismantling exchange sell walls and reducing leverage volumes.