XRP News Today: XRP Dips 10% Amid Crypto Sell-Off Analysts See Healthy Pullback Before $10–$15 Target

XRP experienced a sharp 10% decline in Tuesday’s crypto sell-off, with $89 million in liquidations reported as part of a broader market downturn. The global crypto market cap fell 6% to $3.92 trillion, with altcoins bearing the brunt of the losses. Ethereum dropped 6%, while Solana, Dogecoin, and Cardano each fell between 7% and 10% over 24 hours. Bitcoin, however, held above $118,000, losing only 0.7% [1].

Analysts characterized the XRP selloff as a “healthy pullback,” noting its rapid 92% surge over 20 days—from $1.95 to $3.66—preceded the recent correction [1]. Shawnmark7899, a prominent XRP analyst, emphasized that such volatility is typical in crypto markets and positioned the drop as a short-term pause before a potential rebound. He cited a price target of $10–$15 as “very much in play,” with a long-term outlook suggesting $20–$30 could still be achievable [1].

Technical analysis also pointed to a potential catalyst for XRP. CryptoBull highlighted the formation of a “Cup & Handle” pattern, a bullish chart structure that, if confirmed, could push XRP above $7 [1]. The analyst linked this to broader altcoin momentum, noting that Bitcoin’s declining dominance has driven capital into alternatives. XRP’s next move, however, hinges on overall market conditions.

Corporate adoption of XRP gained momentum amid the volatility. Nature’s Miracle, a pet care company, added $20 million in XRP to its treasury, signaling confidence in the asset as a balance sheet diversification tool [1]. The timing—during a market dip—was described as strategic, offering a low-cost entry point for institutional investors. Separately, a Brazilian firm named VERT launched a $130 million blockchain platform on the XRP Ledger, further expanding the token’s utility in corporate finance and infrastructure [1].

Despite the near-term decline, the long-term trajectory for XRP remains tied to macroeconomic factors. Analysts cautioned that a break above the 2018 high of $3.84 would require sustained altcoin strength and favorable regulatory developments. The asset’s liquidity and growing institutional interest, however, were seen as positives for future price action.

[1] https://coinpedia.org/news/xrp-tanks-10-analysts-say-10-30-still-in-sight-after-healthy-pullback/