XRP plunges 16% in worst drop among bitcoin, ether and major tokens

What to know : XRP tumbled more than 16 percent to about $1.29, the weakest performance among major tokens as bitcoin slid 7 percent, with roughly $46 million in XRP derivatives liquidations amplifying the move. The sell-off was driven largely by leveraged long positions being wiped out as prices broke key technical levels, turning support around $1.44 into resistance and leaving $1.00 as the next psychological target. Recent positive developments for XRP and Ripple, including new institutional DeFi access and e-money licenses, failed to buoy sentiment, underscoring that XRP’s price remains dominated by positioning and momentum rather than fundamentals in the near term.(Coindesk)