It's Over: XRP Rally Hits the Brakes as Token Collapses by 8%
Main Idea
XRP's price has sharply declined by 8%, leading to significant liquidations of long positions, while other altcoins like Dogecoin and Solana also experienced notable drops.
Key Points
1. XRP collapsed by 8%, dropping to an intraday low of $3.22 before a slight recovery to $3.28.
2. Over $21 million worth of XRP long positions were liquidated in the past hour.
3. Dogecoin (DOGE) fell by 9%, and Solana (SOL) dropped by roughly 7% during the same period.
4. Bitcoin's market cap dominance rose to nearly 62% despite a minor price drop.
5. XRP is now down 12% from its record peak of $3.66 reached in July.
Description
XRP has suddenly collapsed by 7%, with long positions getting wiped out
$XRP
$3.1714
-10.14%
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