Key facts
- XRP fell 4% below $1.30.
- The cryptocurrency reached fresh 15-week lows.
- Persistent selling pressure contributed to the decline.
- Exchange outflows did not fully offset the selling pressure.
The cryptocurrency market experienced a broad downturn, with Bitcoin leading the decline. This weakness impacted major altcoins, including XRP, which struggled to maintain its price levels. Despite some outflows from exchanges, indicating potential selling, the overall market sentiment and persistent selling pressure drove XRP to significant lows.