Altcoins News
By Jean-Luc Maracon
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Failed Breakouts and Falling Ranks. The selloff didn't come out of nowhere. XRP had been struggling against resistance between $1.
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XRP Turns 14 in a Rough Market. The timing adds an odd layer to all of this. Fourteen years ago, Ripple co-founder Arthur Britto…
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What Analysts Are Watching Now. Some analysts think the slide isn't done. Predictions circulating in the market put a potential…
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XRP dropped to $1.20 on Tuesday. That's a four-month low, and it landed on the token's 14th birthday — which is either poetic or just painful, depending on who you ask.
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The decline wiped out roughly $30 million in leveraged positions. Market cap fell from above $85 billion to below $75 billion in a matter of days, and that was enough for USDC to…
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The last time XRP was this cheap was early February, when it briefly dipped just above $1.10.
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The selloff didn't come out of nowhere. XRP had been struggling against resistance between $1.50 and $1.60 for weeks. The latest rejection came in mid-May, when it touched $1.
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Before all of this, XRP had actually held above $1.30 pretty consistently — going back to before the 2024 U.S. presidential elections.
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The $30 million in liquidations mostly hit leveraged longs. When a token drops this fast, those positions get wiped automatically, and that forced selling tends to accelerate the…
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USDC overtaking XRP in market cap rankings is a notable shift. Stablecoins don't usually climb the charts because of price appreciation — they do it when other assets fall.
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See also: XRP and Shiba Inu Traders Brace as Four Major Tokens Test Key Support Floors
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The timing adds an odd layer to all of this. Fourteen years ago, Ripple co-founder Arthur Britto released the code that created 100 billion XRP tokens.
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Celebrating that anniversary with a four-month price low and a market cap slide of more than $10 billion wasn't exactly the plan.
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Ripple hasn't said anything publicly about the drop. No statement, no strategic response, nothing.
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Some analysts think the slide isn't done. Predictions circulating in the market put a potential floor around $1.14 — which would be close to the February low of just above $1.10.
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