XRP loses $20B in market cap in 24 hours — Is it the end?
XRP’s market cap dropped from $121.81B to $100.28B in just 24 hours — its
steepest fall in months. At the same time, XRP's trading volume surged
nearly 4x, from $2.26B to $9.6B, suggesting panic selling or major portfolio
rebalancing amid growing uncertainty.
SEC silence adds to investor fear
The plunge stems mainly from legal uncertainties surrounding the Ripple v.
SEC case. While the SEC has dropped lawsuits in similar cases, it remains
silent on this one, fueling anxiety. The regulatory uncertainty has
triggered bearish sentiment, especially as the broader crypto market also
shed $300B in value.
Technical signals warn of deeper drop
XRP fell over 14% in a single day to $1.77 — making it one of the
hardest-hit assets in the current downturn. Analysts warn of a potential
head-and-shoulders pattern, which could drag the price down further to $1.30
in the coming days.
What’s next for XRP?
Despite the crash, some investors remain cautiously optimistic. Still, with
weak sentiment and unresolved legal overhangs, most traders are staying on
edge. The coming days will be crucial to see if XRP can hold key support
levels as the market continues to react to the Ripple-SEC drama.
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