XRP is getting hammered. As Bitcoin smashed below the $60,000 floor, Ripple's token cratered right alongside it, sliding all the way down to around $1.08 after briefly dipping below $1.05. The $1 psychological level — once a distant safety net — is now staring traders dead in the face.
How did XRP crash to $1?
This wasn't an XRP-specific collapse — it was guilt by association. $XRP has a long, well-documented history of amplifying Bitcoin's moves to the downside. On every major Bitcoin drop this year, XRP has lost close to twice as much as Bitcoin, with the ratio staying consistent at around 1.8 to 1.
XRP Price in USD YTDSo when Bitcoin broke below $60,000, XRP didn't stand a chance of holding firm. The setup here is arguably uglier than the last big flush. Bitcoin breaking below $60,000 for the first time since October 2024 — after Strategy broke its years-long never-sell rule and spot Bitcoin ETFs ended their longest outflow streak ever — created conditions worse than the Feb...
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