XRP falls 5% as bitcoin’s sudden pump and dump rattles crypto markets
CoinDesk
XRP dropped 5.04% below the $1.92 support zone amid broad market volatility triggered by Bitcoin's sharp reversal.Summary
XRP experienced a 5.04% decline, breaking below the critical $1.92 support level due to heightened selling pressure and cross-asset volatility during U.S. trading hours. This selloff occurred as Bitcoin experienced a sudden pump from $87,000 to over $90,000 before snapping back, coinciding with losses in AI-linked stocks like Nvidia. The volatility, partly fueled by reports of Blue Owl Capital pulling funding from an Oracle project, led to over $190 million in crypto liquidations. Technically, XRP's structure has turned bearish, with $1.90 now serving as the immediate defense line; a break below this exposes the $1.75–$1.64 zone. The high trading volume suggests institutional repositioning rather than retail panic.
(Source：CoinDesk)