XRP Price Crash as BTC Falls Below $83K Again

Amid the Bitcoin and cryptocurrency market crisis, the XRP price fell by more than 9%, despite the launch of the Bitwise XRP ETF and the hype surrounding the XRP ETF.

The cryptocurrency world is buzzing over the introduction of the XRP ETF, but the XRP price is still declining. The third-largest crypto asset lost 9% over the last 24 hours amid a Bitcoin collapse below $83,000 and the larger crypto market crisis.

Massive Selloffs During the Crypto and Bitcoin Market Collapse

According to Glassnode, significant investor losses are revealed by the XRP Realized Loss at the 30-day Exponential Moving Average (EMA) data. Realized losses have increased to $75 million every day since the price of XRP dropped below $2. It is the most significant level since April 2025, according to chain experts.

The Long Term Holder NUPL data indicated that investors were becoming increasingly pessimistic despite heightened uncertainty and volatility in the crypto market. The statistics showed that the euphoria among long-term holders ended in mid-2025. Amid the deeper crypto market carnage, the mindset of long-term holders and whales shifted from denial to anxiety.”

Whales sold 190 million coins during the crypto market meltdown, amid the intense excitement around the Bitwise XRP ETF launch and other XRP ETF approvals. Data from the on-chain platform Santiment indicates that whales with 1–10 million Ripple currency are the source of the dumping.

It is noteworthy that a whale with long bets in ETH and XRP is currently losing $ 40.7 million. The whale has lost $50 million in a week.

Bitwise spot XRP ETF had around $22 million in trading activity, according to Bloomberg ETF analyst James Seyffart. The fund recorded $105.36 million in inflows on its debut, as per SoSoValue data.

How Low Can the Price of XRP Drop?

XRP price dropped by more than 9% in the last day and is currently trading at $1.90. $1.89 and $2.13 are the 24-hour low and high, respectively. Additionally, during the past 24 hours, trading volume has grown by 44%.

Crypto analyst Ali Martinez forecasted $1.91 and $1.73 as the next critical levels to watch, based on the UTXO Realized Price Distribution on-chain indicator. With the price of XRP trading below the 50-DMA and 200-DMA, a death cross pattern has formed, indicating selling pressure.

The XRP price will fall to $1 if it is unable to recover from the Fibonacci golden zone, with the $1.63 level serving as a last option. Interestingly, Peter Brandt predicted that Bitcoin would plummet to $58K, which sparked concern over whether XRP would follow suit.

According to CoinGlass statistics, the futures market has been selling over the past several hours. Total XRP futures open interest plummeted more than 15% to $3.14 billion in the last 24 hours. On CME and Binance, the open interest in 4-hour XRP futures fell by almost 4% and 6%, respectively.