XRP News Today: XRP Plummets 11.2% to $3.08 Amid Bitcoin Dominance, Geopolitical Tensions, and Market Liquidations

XRP has plummeted to $3.08, a decline of 11.2% over the past 24 hours, amid a wave of market liquidations and shifting investor sentiment. The token’s sharp drop places it among the crypto market’s most significant losers, driven by a combination of aggressive derivatives trading, heightened geopolitical tensions, and weakened altcoin demand. Total crypto market capitalization has fallen by 1.4% to $3.88 trillion, with over $634 billion in open interest in futures and options contracts eroding to a 11th consecutive daily contraction [1].

The broader selloff has been exacerbated by Bitcoin’s growing dominance, which now stands at 60.88% after dropping 5.4% in the last month. This shift has drawn liquidity away from altcoins like XRP, which lacks the momentum to outperform Bitcoin. The Altcoin Season Index, a gauge of altcoin strength relative to Bitcoin, remains at 43 on a 100-point scale, indicating persistently weak altcoin sentiment [1]. Traders have increasingly moved capital to less volatile assets, leaving XRP particularly vulnerable during market corrections.

U.S. President Donald Trump’s recent statements on trade policy have further intensified selling pressure. His announcement of higher tariffs on countries resisting American trade terms triggered panic in risk-sensitive sectors, including crypto. While Treasury Secretary Scott Bessent suggested that new trade agreements, including with the European Union, could materialize, XRP has not benefitted from the optimism seen in Bitcoin, which briefly surged to $118,000 following the news [1]. Analysts note that the market’s reaction underscores XRP’s fragility in times of geopolitical uncertainty, with traders opting for safer alternatives.

Technical indicators also highlight structural challenges. XRP has breached critical support levels, with some traders citing a "cup-and-handle" pattern—a bearish continuation signal after consolidation [4]. The token’s 18.8% drop—the largest in nearly two months—has raised concerns about its ability to hold the $3.00 support level, which would mark a key psychological threshold [10]. CoinGlass data reveals that $93 million in long positions were liquidated on a single day, the second-highest among major cryptocurrencies after Ethereum [9]. These leveraged positions have amplified volatility, exposing XRP to further downward momentum.

Regulatory uncertainty remains a lingering overhang. The U.S. Securities and Exchange Commission’s delay in converting Bitwise’s crypto index fund into an ETF has fueled broader market jitters, even though the decision does not directly target XRP. The move has been interpreted as a setback for institutional adoption, discouraging short-term investment flows into XRP and other digital assets [5].

Despite these challenges, some market observers caution against overreacting to short-term volatility. While technical breakdowns and regulatory headwinds point to a bearish near-term outlook, XRP’s long-term trajectory will depend on broader macroeconomic trends and the resolution of ongoing regulatory debates. For now, the interplay of profit-taking, shifting capital flows, and technical weakness continues to weigh on XRP’s price, leaving investors in a state of cautious uncertainty.

Source:

[1] [Why XRP Price is Down Today?](https://coinpedia.org/news/why-xrp-price-is-down-today/)

[4] [XLM and XRP Price Analysis: Why Ripple, Stellar Crypto ...](https://www.banklesstimes.com/articles/2025/07/23/xlm-and-xrp-price-analyis-why-ripple-stellar-crypto-are-crashing/)

[5] [Why XRP (Ripple) Is Sinking Today](https://www.msn.com/en-us/money/other/why-xrp-ripple-is-sinking-today/ar-AA1J9tUk)

[9] [Ripple's XRP Crashes Double Digits - $90M in Long ...](https://cryptopotato.com/ripples-xrp-crashes-double-digits-90m-in-long-positions-wiped-out/)

[10] [XRP Logs Worst Daily Drop Since April. Is $3 in Danger?](https://u.today/xrp-logs-worst-daily-drop-since-april-is-3-in-danger)