Ripple linked token plunges as bitcoin back below $87,000
XRP slid sharply on Wednesday, breaking below the $1.92 support zone as elevated selling pressure collided with violent cross-asset volatility during U.S. trading hours.
The move came amid abrupt reversals in bitcoin, U.S. equities and AI-linked stocks, leaving altcoins exposed as liquidity thinned and derivatives positioning reset.
News Background
- Crypto markets saw violent whipsaw action in early U.S. trade, with bitcoin briefly ripping from $87,000 to above $90,000 before snapping back to the $87,000 area
- The reversal coincided with sharp losses in AI-linked equities, including Nvidia, Broadcom and Oracle falling 3%–6%, dragging the Nasdaq down more than 1%
- Sentiment weakened after reports that Blue Owl Capital pulled out of funding a…
