XRP Leads Market Decline Amid Leveraged Liquidations
XRP fell 6.23% to approximately $1.38 in the last 24 hours, marking the largest decline among the top ten cryptocurrencies by market cap. The pullback follows a rapid rally from $1.00 to $1.69, largely driven by leveraged liquidations rather than institutional outflows, as evidenced by nine consecutive days of net inflows into XRP-related ETFs. While Bitcoin retreated to the $78,000 range after surpassing $80,000, the market is now focused on upcoming core PCE inflation data and Nvidia's earnings report. XRP's ability to maintain the $1.40 support level wil