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: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump?
  • 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: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump?

Ripple (XRP) Hits 27-Month Low: What’s Behind the Sustained Crash?

Yashu Gola
Yashu Gola
1 year ago
2 mins read
ripple, xrp

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.

Ripple’s native asset XRP fell into an extreme negative area this Wednesday as investors pulled billions of dollars out of the entire cryptocurrency market.

The XRP-to-dollar exchange rate established an intraday low of $0.174 on BitStamp around 1300 UTC. That brought the pair down by 4.39 percent from the market open. At the same time, the move downhill pushed XRP towards its lowest level since September 2017.

xrp, ripple, xrp usd
XRP has plunged by circa 10 percent in the last 24 hours | Source: TradingView.com, BitStamp

The downside move came as part of a wider bearish correction noted across the entire cryptocurrency market. Like XRP, many high-cap coins registered fresh lows in the dollar-denominated trades. The benchmark cryptocurrency Bitcoin, for instance, fell by 5.12 percent on a 24-hour adjusted timeframe. Its top rival Ethereum, too, plunged by 9.20 percent within the same period.

On the whole, the cryptocurrency market lost up to $5.35bn worth of capitalization during the Wednesday session. The move brought its total weekly losses to $23.19bn.

XRP Turns Unattractive

The losses in XRP are more or less a reflection of how traders are behaving with every other token. Nevertheless, the altcoin is likely to struggle more than its rivals when it comes to recovering its value.

That is partially due to a string of controversies that surrounds Ripple Labs – the San Francisco-based cross-border payment company that raised hundreds of millions by issuing XRP tokens.

https://twitter.com/BullyEsq/status/1207136362341830656

Even the company’s most loyal backers lately accused it of selling a large portion of XRP and, thus, causing the price to decline. Some of them went as far as starting a petition on Change.org, requesting Ripple Labs to stop “dumping billions of XRP.”

“The only logical explanation is that Ripple [is] dumping on us. And not small amounts either. Literally billions. We have seen the reports of them disclosing this so it’s a fact,” read the petition.

More so, Ripple Labs got embroiled in a legal battle when a group early investors accused the company of selling them XRP as unregistered securities.

MoneyGram Don’t Hold XRP

Factors such as those damaged investors’ long-term bullish bias towards XRP. More recently, even one of the Ripple’s high profile partners, MoneyGram, stated that they were not holding XRP tokens.

“In light of this, the statement from MoneyGram has dealt a big blow to XRP’s already weak position, especially since it was believed Ripple and MoneyGram would have a closer relationship due to the former’s investment in the latter,” noted Joe DiPasquale, the chief executive of cryptocurrency hedge fund manager BitBull Capital.

Tweet123Share218ShareSend
Yashu Gola
Yashu Gola

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN.

Read more

Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.

Close

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

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

Биткоин и график

Strategy инвестирует $100 млн в Биткоин – институционалы укрепляют рынок

В моменты сильных ценовых колебаний именно институциональные игроки задают тон развитию крипторынка. Яркий пример – HYLQ Strategy Corp, публичная компания,...

daria 2 hours ago
Crypto Treasury Stocks Take a Fall After New Investments, Bringing PEPENODE’s Presale Into the Spotlight

Crypto Treasury Stocks Dump After New Investments, Bringing PEPENODE’s Presale Into the Spotlight

Crypto treasuries lose stock value after announcing new crypto investments, while Bitcoin took a dive to $111,676. Helius Medical Technologies...

Aaron Walker 2 hours ago
Dogecoin news

21Shares’ Spot Dogecoin ETF Hits DTCC—Will It Ignite A Rally?

21Shares’ proposed spot Dogecoin ETF has appeared on the Depository Trust & Clearing Corporation’s public “Exchange Traded Funds — Active...

Jake Simmons 2 hours 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

Snorter Bot Token สวนทางตลาด! ICO พุ่งทะลุ $4 ล้านในพริบตา

Narongdet Chaiwit 20 minutes ago
snorter bot token

Μόλις 27 ημέρες απομένουν πριν κλείσει η προπώληση του Snorter Bot Token – Η πρώιμη πρόσβαση δεν θα διαρκέσει πολύ

Ιωάννης Ριζόπουλος 1 hour ago
ethereum-stablecoins-pepenode-maxidoge

Ethereum chute, mais la market cap des stablecoins explose : vers un redéploiement de capital ?

guillaumev 1 hour ago

Premium Sponsors

Press Releases

  • memecoins at discount

    Những Meme Coin Tiềm Năng Đang Giảm Giá – Liệu...

    9 minutes ago
  • パイネットワーク...

    13 minutes ago
  • ripple

    Ripple: Liệu Có Tăng Giá Vào Tháng 10? Đồng...

    17 minutes ago
  • altcoins

    Các Cá Voi Crypto Đã Mua Những Altcoin Nào Trong...

    22 minutes ago
  • Най-добрите мемекойни за...

    2 hours ago

Newsletter

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.