Nearly half of XRP’s market value vanished into thin air as the cryptocurrency plummeted a staggering 44.57% from its peak, crashing to $2.05. The brutal sell-off sent shockwaves through the crypto market, with XRP touching a gut-wrenching low of $1.64—a price not seen since November 2024. Talk about a rough day at the office.
XRP’s devastating 44.57% plunge wiped out billions, hitting a stomach-churning $1.64 low—crypto’s equivalent of a market meltdown.
The carnage unfolded rapidly, with XRP nosediving 22% in a single day from $2.10 to $1.64, followed by another 15% drop to $1.80. Over $40 million in XRP positions got liquidated. Ouch. The Fear and Greed Index indicated extreme fear in the market, causing widespread panic selling.
The bloodbath wasn’t happening in isolation, though. President Trump’s aggressive trade tariffs and escalating U.S.-China tensions had the whole market seeing red.
The term “Black Monday” started trending, and honestly, who could blame traders for having flashbacks? Bitcoin took a nosedive below $91,000, while Dogecoin and Shiba Inu weren’t spared either. The entire crypto market looked like it had seen a ghost—or maybe just a really nasty trade policy.
Here’s the thing: institutional investors aren’t running for the hills. Despite retail traders panic-selling their XRP faster than last season’s fashion trends, the big players are keeping their cool. The launch of Asia’s first XRP tracker fund by Hashkey Capital signals growing institutional confidence despite market turbulence. The 50-day EMA at $2.07 continues to provide crucial support for XRP’s price stability.
Historical data shows these crashes tend to have a silver lining—previous XRP dips have created more than a few millionaires who had the stomach to stick around.
March 2024 saw a similar drop, and XRP bounced back within months. The current situation mirrors past cycles where regulatory and economic shocks triggered temporary—albeit dramatic—corrections.
It’s worth noting that while $40 million in liquidations sounds catastrophic (and it is), institutional interest remains surprisingly robust.
Will XRP pull off another phoenix-like resurrection? The data suggests it’s possible. But for now, traders are white-knuckling through one of the most volatile periods in recent crypto history, proving once again that this market isn’t for the faint of heart.
