XRP News Today: XRP Drops 11.1% as Altcoins Face Short-Term Corrections From Overbought Gains

Generated by AI AgentCoin World
Thursday, Jul 24, 2025 2:29 am ET1min read
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Aime RobotAime Summary

- Top altcoins like XRP and Solana face short-term corrections as analysts warn of overbought conditions and market volatility.

- XRP dropped 11.1% in 24 hours amid regulatory uncertainty and SEC’s halted XRP ETF approval, adding market jitters.

- Solana’s 30-day performance lags Bitcoin, but its long-term fundamentals and ecosystem growth remain intact.

- Regulatory shifts and macroeconomic factors could amplify swings, urging investors to monitor support levels and trading volumes.

The recent surge in cryptocurrency prices has shown signs of stalling, with top altcoins like

XRP
,
Solana
, and
Ethereum
facing potential short-term corrections. Analysts suggest that the "significant" price gains over the past months may have created overbought conditions, prompting a pullback. Julio, a market observer cited in Decrypt, notes that these altcoins "may see a correction in the short-term," though it remains unclear whether this is a temporary market adjustment or a deeper downturn [1].

Price data from CoinGecko highlights the volatility. XRP, for instance, dropped 11.1% in 24 hours to kr31.19 as of July 24, 2025, following a 15.3% spike on July 18 [2]. Over the past week, its value fluctuated between kr31.19 and kr36.13, with a 40.6% monthly gain against the Norwegian krone, outperforming the broader crypto market, which fell 14.7% [2]. Solana, another high-profile altcoin, has also seen mixed signals, with its 30-day performance lagging behind Bitcoin’s resilience, suggesting diverging investor sentiment.

The market’s unease is compounded by regulatory uncertainty. A recent report highlighted how crypto bills under consideration in the U.S. could reshape market dynamics for assets like XRP and Solana [3]. Meanwhile, the SEC’s abrupt approval and subsequent freeze of a spot XRP ETF added to the jitters, creating ambiguity for traders [4]. Liquidation data from CoinDesk further underscores the fragility, showing Ether and XRP traders suffered larger losses than

Bitcoin
holders in recent days, with $635 million in total liquidations [4].

Despite the pullback, some analysts caution against overreacting. The 7-day trend for XRP, while volatile, remains up 3.4% year-to-date, and Solana’s long-term fundamentals—including its growing ecosystem and adoption—remain intact. However, the market’s sensitivity to macroeconomic news and regulatory shifts could amplify short-term swings. For now, investors are advised to monitor key support levels and trading volumes, which currently indicate mixed momentum.

The correction, if it materializes, may serve as a test of whether altcoins can sustain their recent gains amid a broader market cooldown. While the data does not yet signal a bearish reversal, the interplay between regulatory developments, macroeconomic factors, and technical indicators will likely dictate the next phase of price action.

Sources:

[1] Decrypt, "Crypto Rally Stalls—Correction Ahead For XRP, Solana and Top Altcoins or Just Market Noise?" (July 14, 2025), https://decrypt.co/331531/crypto-rally-stalls-correction-ahead-macro-noise

[2] CoinGecko, "XRP to NOK: XRP Price in Norwegian Krone" (July 23, 2025), https://www.coingecko.com/en/coins/xrp/nok

[3] TradingView, "Bitcoin CME Futures Trade Ideas - BTC1!" (July 22, 2025), https://www.tradingview.com/symbols/CME-BTC1%21/ideas/

[4] CoinDesk, "Ether, XRP Traders Book Bigger Losses Than Bitcoin as Crypto Bulls See $635M Liquidations" (July 23, 2025), https://coindesk.com/