Here's why XRP is down today: Ripple-linked token drops 5% amid BTC-led weakness
CoinDesk
XRP dropped 5% to near $1.80 due to broad risk-off selling triggered by Bitcoin's pullback, breaking key support.Summary
The Ripple-linked token XRP experienced a significant drop of about 5%, falling from $1.91 to near $1.80, driven by broad risk-off selling across high-beta tokens following a pullback in Bitcoin (BTC). The decline accelerated when XRP broke below crucial technical support around $1.87 on heavy volume, erasing recent weekly gains. Traders are now closely watching the $1.80 level as critical near-term support; a sustained move back above $1.87–$1.90 is required to signal a corrective rebound rather than the start of a deeper decline. If $1.80 fails to hold, the downside risk opens toward $1.73, with XRP's direction remaining tethered to Bitcoin's performance.
(Source：CoinDesk)