XRP Drops 5% as Bitcoin Whipsaw Sparks Broad Crypto Volatility - Coinedict

XRP fell more than 5% on Wednesday after breaking below the key $1.92 support level, as sudden volatility in Bitcoin and U.S. equities rattled crypto markets and triggered aggressive position unwinding.

The decline followed a sharp “pump and dump” move in Bitcoin, which briefly surged above $90,000 during U.S. trading hours before rapidly reversing back toward the $87,000 area. The abrupt move coincided with heavy losses in artificial-intelligence linked equities, including Nvidia, Broadcom, and Oracle, pushing the Nasdaq more than 1% lower and pressuring risk assets across the board.

XRP’s selloff was accompanied by elevated trading volumes, suggesting institutional repositioning rather than retail panic. Data from CoinGlass shows more than $190 million in crypto derivatives liquidations occurred within four hours, with both long and short positions flushed out amid thinning liquidity.

From a technical perspective, XRP’s breakdown below $1.92 has shifted its short-term structure bearish. The former support zone between $1.94 and $1.99 has now turned into resistance, while $1.90 represents the immediate level traders are watching. A failure to hold that area could expose deeper downside toward the $1.75–$1.64 liquidity zone.

Analysts note that mid-beta altcoins like XRP tend to underperform during periods of cross-asset deleveraging, especially when macro-driven volatility forces traders to reduce exposure quickly.

Market participants are now monitoring whether Bitcoin can stabilize near current levels and whether selling pressure eases, which could determine if XRP finds support—or extends its decline—over the coming sessions.