XRP Drops to 14-Month Low of $1.42, Liquidity Crunch Drives Losses
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- XRP’s price has dropped in tandem with Bitcoin, hitting a 14-month low today.
- CoinGlass data shows XRP open interest fell from over $9B to about $2.5B.
- XRP entered a bear phase after its monthly RSI fell below the 50 level.
The ongoing crypto capitulation has pushed the XRP price to a 14-month low of about $1.42. After losing its crucial support level around $1.61 last week, XRP has extended its losses over the past few days.
This large-cap altcoin, with a fully diluted valuation of about $142 billion, has dropped over 23% in the past seven days. As such, the XRP price has lost its 2025 support range between $1.61 and $1.85, amid heightened selling pressure.
Why Is XRP Price Dropping?
Liquidity Crunch
The main reason the XRP price has been in a free fall over the past few weeks is the broader liquidity crunch in the crypto market. According to CoinGlass …
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