XRP Bulls Seize Opportunity as Ripple's Value Plummets by 22% in a Single Day
The cryptocurrency market has seen significant volatility, with XRP experiencing a notable decline, prompting some investors to capitalize on the dip.
In the past 24 hours, the cryptocurrency market has faced a tumultuous period known for its extreme volatility. Although Bitcoin (BTC) and most altcoins have dipped significantly, XRP stands out as the worst performer among the top 100 digital currencies, which is unexpected given its status as the third-largest altcoin.
XRP’s value has decreased by nearly 22% within just one day, a trend often associated with smaller market cap assets. Over the week, it has dropped a staggering 32%. The cryptocurrency was trading at $2.40 on January 6, but has now fallen to $1.20, reflecting a 50% drop over the month. In a broader context, XRP has lost 67% of its value since reaching an all-time high of $3.65 in mid-July 2025.
The reason for XRP’s sharp decline remains unclear, particularly as the company behind it continues to announce significant developments. Meanwhile, other large-cap cryptocurrencies like Ethereum (ETH), Binance Coin (BNB), and Bitcoin (BTC) have only seen modest declines of around 10-11%.
Despite the turbulent market conditions, some members of the XRP community, known as the XRP Army, remain optimistic. EGRAG CRYPTO, a vocal supporter of Ripple’s token, acknowledged the asset’s downturn but decided to invest at $1.28 after a three-year hiatus, indicating a strategy that hinges on the price recovering to $2.20 should it first reach $1.85 again. If the support level of $1.28 fails, he is content to retain his tokens as they represent a small investment.
Quote:
#XRP – Sweep & Bounce or Breakdown (Update): The breakdown is now confirmed. I pulled the trigger after 3 years: I bought #XRP at $1.28 as a swing trade. My plan: If price reclaims $1.85, I’ll hold for a move toward $2.20. — EGRAG CRYPTO
Suggested Reads:
- XRP Open Interest Hits Lowest Since November 2024: What This Means for Traders
- XRP ETFs Beat BTC, ETH, and SOL Funds – Yet Ripple’s Price Still Struggles
- What Happened to the XRP ETFs Last Week as Ripple’s Price Tumbled to $1.70?
Stay tuned for further updates as the market continues to evolve.
