XRP crashes 5% in a day erasing $10 billion

XRP price crashed more than 5% in the past 24 hours, erasing $10 billion in market capitalization as technical weakness and mixed ETF sentiment weighed on the ￰1￱ price dropped to $2.84, down from $3.05 support and below the $3 psychological threshold, with the decline pushed XRP’s market cap from $179.82 billion to $169.72 billion, underperforming the broader crypto market’s 3.35% decline over the same ￰2￱ 1-day market cap chart.) fell to 46.58, signaling downside ￰3￱ breakdown also triggered $113 million in long liquidations, according to CoinMarketCap’s community data. $2.88 is the next key Fibonacci retracement level (78.6%). A sustained move below $2.75, the swing low, could open the door to a deeper ￰4￱ trading expert weighs in The intraday slide also arrived amid a public forecast shift from on-chain analyst Ali ￰5￱ August 25, Martinez posted on X that “it won’t take long” before XRP returned to $3.70, a call Finbold noted looked unlikely at the time with the token trading below $3, pointing out that it was much more likely for XRP to trade at $2.70 ￰6￱ days later, on August 28, Martinez wrote that “$XRP continues to retrace toward $2.83 as anticipated!” bringing his outlook in line with the prevailing downside momentum as price action gravitated toward that level. $XRP continues to retrace toward $2.83 as anticipated! ￰0￱ ￰7￱ — Ali (@ali_charts) August 29, 2025 The selloff follows a week of mixed sentiment around potential XRP spot ETF ￰8￱ CME XRP futures open interest recently crossed $1 billion in record time, optimism has been tempered by broader market weakness and uncertainty over regulatory decisions.