XRP fell roughly 3%, giving back last week’s gains as broader market pressure builds.
According to CoinMarketCap data, XRP slipped back below the $1.20 mark after a short-lived breakout above $1.22 ran into heavy selling. The pullback erased some of last week’s rally, though buyers stepped in near $1.18, keeping the token above its recent support zone.
Traders are now watching $1.1750 as the level to defend. A break below could send XRP toward $1.15, while a recovery above $1.20 would point to simple profit-taking rather than a deeper reversal.
Bitcoin added to the pressure, sliding back toward the $63,000 level after the Fed signaled fewer near-term rate cuts than markets had hoped for. Since Bitcoin still sets the tone for most of the market, its retreat dragged down Bitcoin’s relationship with US bond yields and Fed policy back into focus, weighing on altcoins like XRP even without fresh token-specific news.
The drop comes alongside renewed weakness across altcoins more broadly. Despite the slide, XRP remains above the demand zone that sparked its breakout, leaving its broader recovery dented but not broken.
Read more: XRP price prediction.
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