NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

XRP Could Soon Be the “Worst Performing Major Altcoin” as Airdrop Hype Fades

Cole Petersen
Cole Petersen
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

For the first time in years, XRP gained some massive momentum when it broke above $0.30 last month, with bulls sending its price rocketing as high as $0.90 on some exchanges before an influx of selling pressure sent it plunging lower.

This rally gave many embattled bag holders an ideal exit opportunity, with the new capital being siphoned in due to investors trying to gain access to the highly anticipated SPARK airdrop that took place this weekend.

It does appear that this was a “sell the news” event, as XRP’s price has been plunging lower ever since the airdrop snapshot took place. It is now in the process of breaking below its key $0.50 support level, despite the strength seen by the rest of the market.

This weakness has struck a heavy blow to its previously bullish market structure and may be emblematic of a wave of imminent selling as disappointed traders and investors move to take profits.

One trader is now noting that XRP is likely to go back to being the “worst-performing major alt” in the market unless there’s a catalyst for change.

XRP Struggles to Gain Momentum Despite Strong Market Conditions

At the time of writing, XRP is trading down just under 4% at its current price of $0.49. This is around where it has been trading throughout the past few days.

There was previously some support at $0.50 that stopped it from seeing any intense decline, but this support is quickly degrading and may not hold for too much longer.

The selling pressure is so intense that XRP is currently bucking an uptrend seen across the entire market, with BTC and ETH stable.

Fading Airdrop Hype Puts the Token in a Bad Position

Luke Martin, a popular cryptocurrency analyst and trader, explained in a recent tweet that he is expecting XRP to potentially go back to being the “worst-performing major altcoin” as its uptrend begins showing signs of faltering.

He notes that there needs to be another airdrop – or some catalyst – to shift the tides back into bulls’ favor.

“XRP is down 13% since the airdrop earlier this weekend was completed. Holders better hope for more airdrops or this could quickly become the worst performing major alt again.”

XRP

Image Courtesy of Luke Martin. Source: XRPUSD on TradingView.

Because there appear to be no imminent catalysts for XRP to see any further upside, there’s a strong possibility that further losses are imminent in the near-term.

Featured image from Unsplash.
Charts from TradingView.
Tweet123Share196ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

XRP

AI Founder Puts XRP Price As High As $20-$30

An AI startup founder and vocal XRP supporter on the social media platform X has offered his long-awaited price prediction...

Scott Matherson 1 day ago
XRP Price Retreats From Highs

XRP Price Retreats From Highs — Is The Rally In Jeopardy?

XRP price started a fresh decline from the $2.320 zone. The price is now correcting gains and might find bids...

Aayush Jindal 2 days ago
XRP

XRP Roadmap To $8.5: Why The Next Impulse Could Start Soon

XRP is starting to draw attention again as signs of a potential breakout begin to take shape. With market sentiment...

Scott Matherson 2 days ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

XRP koers kan 78% stijgen na wedge breakout

XRP koers kan 78% stijgen na wedge breakout

Lars Diederiksen 56 minutes ago
XRP Price Recovery Fades

XRP Price Prepares for Possible Bounce — Support Levels In Focus

Aayush Jindal 5 hours ago
XRP Price Moves Up

XRP Price Moves Up — Hurdles Ahead Could Limit Gains

Aayush Jindal 1 day ago

Premium Sponsors

Press Releases

  • Dự Đoán Giá Fartcoin: Meme Coin Tiềm Năng FARTCOIN...

    29 minutes ago
  • CertiK Validates FUNToken’s

    CertiK Validates FUNToken’s Smart Contract Strength With...

    33 minutes ago
  • Explore Potential Coins

    Peter Thiel của PayPal Hậu Thuẫn Ngân Hàng Crypto...

    46 minutes ago
  • Altcoin season uitgesteld? Bitcoin dominantie houdt kapitaal weg van XRP, SOL en ADA

    Những Altcoin Nên Mua Tháng 7 – USELESS, BROCCOLI...

    58 minutes ago
  • Cloud Mining

    Free QFSCOIN Cloud Mining Regulated By US Law Launches BTC...

    1 hour ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.