- Ripple‘s XRP price plummeted more than 20% in the day’s trading session early Friday, dropping to the $1.20 level.
- The token has now lost 50% of its value in a year, with 46% of that decline occurring in a single month in 2026.
- The broader cryptocurrency market is declining, with Bitcoin also down more than 10% and dipping to the $65,000 level.
Ripple’s native token XRP experienced a dramatic double-digit crash early Friday, plunging more than 20% to flirt dangerously with falling below the $1 mark. This sharp decline has sparked significant concern among investors, according to market data sources. Consequently, if XRP falls below this critical psychological level, historical patterns suggest recovery could take an extended period.
For context, the altcoin previously climbed above $3 in 2018 before spending nearly seven years below $1. The move is eroding confidence in the cryptocurrency market, potentially prompting a pivot to other investments. Meanwhile, “traders who wanted to earn quick money are having a tough time in the digital assets market this year around,” as the broader sector struggles.
Data shows Ripple’s XRP has lost half its value over the past year, with nearly all of that loss compressed into a brutal month. However, the traditional stock market has performed relatively better despite economic headwinds. The Dow Jones is up 1.3% year-to-date, while the S&P 500 trades on a razor’s edge.
The path for a quick recovery appears questionable as Bitcoin leads the market-wide downturn, dropping to its 2021 all-time high level of $69,869. This extreme volatility is now affecting not just retail investors but also institutional clients participating through vehicles like the Bitcoin ETF.
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