XRP ETF Fails to Bump Bulls as Ripple-Linked Token Plunges 7.3% Amid BTC Selloff

Overview

The recent selloff in the cryptocurrency market has significantly impacted Ripple-linked tokens, with a notable decline observed. The XRP token experienced a drop of 7.3%, largely influenced by a broader Bitcoin selloff that has shaken investor confidence.

What Happened

A brutal selloff in the cryptocurrency market has led to a sharp decline in the value of XRP. This downturn has broken through the psychological support level of $2.30, resulting in the erasure of recent gains for the token. The pressure of distribution in the market has overwhelmed the historic debut of XRPC, which is linked to Ripple.

The selloff highlights the volatility and unpredictability of the cryptocurrency market. As investors react to market conditions, the decline in XRP’s value reflects broader trends affecting various tokens and investor sentiment.

Impact on the crypto market

• The decline of XRP signifies a loss of investor confidence amid market volatility.
• Breaking the $2.30 support level could signal further challenges for Ripple-linked tokens.
• The selloff may influence trading strategies and decisions among investors in the cryptocurrency space.
• The situation emphasizes the interconnectedness of different cryptocurrencies, particularly in response to Bitcoin’s performance.
• The historic debut of XRPC may face challenges in gaining traction due to current market conditions.

Updated: 11/14/2025, 5:24:27 AM