XRP Tumbles as Sellers Take Control in Crypto Market

Ripple (XRPUSD) is down 6.4% over 24 hours to $1.21 on Tuesday, closely tracking a broader crypto market sell-off that is primarily driven by Bitcoin’s weakness.

Crypto analysts said the sharp price depreciation was amplified by a technical breakdown below the key $1.30 support level. Bitcoin is trading at $67k on Tuesday amid institutional selling pressure from spot ETFs.

XRP’s decline mirrors a wider risk-off move in crypto. Bitcoin dropped 5.77% to $67,227.98, dragging down major altcoins. Analysts linked the sell-off to shaken confidence following MicroStrategy’s first Bitcoin sale in four years.

With total market cap down 4.66%, XRP acted as a high-beta satellite to Bitcoin’s…