XRP slid 4% below the $1.30 mark on Tuesday, dragged down by a broader market slump driven by Bitcoin. The token touched its lowest point in 15 weeks, breaking through a key support zone that had held for much of the spring. Exchange outflows failed to offset the selling pressure, leaving buyers on the sidelines.
Bitcoin pulls the market lower
The drop wasn't isolated to XRP. Bitcoin's decline rippled through major cryptocurrencies, wiping out gains from the previous week. XRP, like many altcoins, tends to follow Bitcoin's lead in risk-off moves — and Tuesday was no exception. Sellers piled in as the broader market lost momentum, pushing XRP below $1.30 for the first time since late February.
Support zone breaks
The $1.30 area had acted as a floor for several weeks. Once it cracked, the decline accelerated. Technical traders point to the break as a sign that short-term sentiment has shifted. The 15-week low suggests the token is now trading at levels that previously attracted bargain hunters — but so far, buying interest has been muted.
Outflows not enough
Exchange outflow data showed some tokens moving off trading platforms, which can signal accumulation. But the volume wasn't large enough to counteract the persistent sell orders hitting the books. Without a meaningful supply squeeze, the path of least resistance remained lower.
The coming days will test whether XRP can reclaim $1.30 as support, or whether further downside is in store. A lot depends on Bitcoin's next move — if the largest cryptocurrency stabilizes, XRP could find a footing. Until then, sellers are in control.
