XRP tumbles 6% in high-volume selloff as Bitcoin breaks key support

Headline: XRP tumbles ~6% as Bitcoin’s slide drags market through key support XRP plunged roughly 6% in a sharp move Friday as weakness across the crypto market — led by Bitcoin dipping under a key support — accelerated selling pressure. The drop came on heavy volume, suggesting this wasn’t a gradual unwind but likely forced or panic selling that intensified the downtrend. Price action and structure - XRP decisively broke below $1.60, sparking a high-volume selloff that pushed the token toward $1.54. - Subsequent bounce attempts failed to reclaim $1.56, leaving near-term structure tilted bearish. - The previous floor around $1.60–$1.62 has flipped into resistance, with sellers defending rallies. What traders are watching - The market is now sitting at a critical decision area. If $1.50 fails to hold, traders will be eyeing the next support cluster near $1.38. - A deeper risk zone sits around $1.02 if selling pressure continues. Context - Bitcoin’s break under its own support worsened the broader downtrend and heightened correlation-driven flows into altcoins like XRP, amplifying downside momentum. Short-term outlook: bears remain in control unless buyers can quickly push XRP back above the $1.56–$1.60 range on sustained volume. Read more AI-generated news on: undefined/news