- Ripple XRP has become the worst-performing top-20 crypto, plunging nearly 20% despite the SEC lawsuit’s conclusion.
- Ripple’s token faces heavy selling pressure from whales, with over 1.12 billion XRP offloaded in just two days, adding to its sharp decline.
Ripple (XRP) has unexpectedly emerged as the worst-performing cryptocurrency among the top 20, even as the broader market faces a correction. Despite a major legal win, XRP’s price has plunged sharply, leaving investors questioning its future.
Ripple Price Collapse: A Sell-the-News Event?
XRP saw a significant price surge to $2.6 on March 19 when Ripple CEO Brad Garlinghouse announced the long-awaited conclusion of the SEC lawsuit. However, this optimism was short-lived as the token quickly reversed its gains in what now appears to be a classic “sell-the-news” event.
Since its March peak, XRP has dropped nearly 20%, currently hovering below $2. If this bearish momentum continues, the asset could dip further, raising concerns among traders and long-term holders alike.
Why Is XRP Suffering More Than Other Altcoins?
The entire crypto market has experienced a downturn, with Bitcoin (BTC) falling to $82,000, Ethereum (ETH) declining to $1,800, and Solana (SOL) dropping to $125. However, XRP has taken the hardest hit, losing 14.5% in a week—outpacing BTC’s 5.5%, SOL’s 9%, and ETH’s 11.6% declines.
Several factors contribute to XRP’s underperformance:
- Whale Sell-Offs – Large holders who accumulated XRP after the U.S. elections and during its rally to $3.4 are now offloading their holdings. Over 1.12 billion XRP, worth $2.3 billion, was dumped within just two days, adding selling pressure to the market.
- Market-Wide Correction – The broader cryptocurrency market has entered a retracement phase, but XRP’s deeper plunge suggests underlying weaknesses.
- Lack of Bullish Catalysts – Despite the lawsuit’s conclusion, XRP has failed to sustain positive momentum, indicating that traders may be shifting focus to other assets.
Will XRP Recover?
While Ripple’s legal clarity is a long-term positive, the short-term price action remains shaky. If whale dumping continues, XRP could face further losses. However, if market sentiment improves and buying pressure returns, XRP might stabilize and reclaim key levels.
