XRP Leads Crypto Losses as Ethereum, Dogecoin Prices Crater Alongside Bitcoin

The global cryptocurrency market experienced a severe and dramatic correction over the past 24 hours, wiping out billions in market capitalization as risk-off sentiment dominated trading. Bitcoin (BTC), the market anchor, broke below critical support levels, dragging all major altcoins into a steep decline. However, it was XRP that recorded the most staggering percentage loss among major cap assets.

Bitcoin’s price action initiated the sell-off, with the flagship cryptocurrency sliding roughly 7% and briefly trading below the psychologically important $60,000 mark. The move confirmed bearish momentum and triggered massive liquidation events across derivatives markets.

While Bitcoin set the tone, XRP suffered disproportionately. The asset plunged nearly 15%, significantly outpacing the losses of its peers. Analysts suggest the heightened vulnerability of XRP is partly due to ongoing regulatory overhang combined with broader altcoin liquidation, making the asset particularly sensitive to bearish macro movements. The deep dive signals increasing fear among holders worried about both technical selling pressure and long-term legal uncertainty.

Elsewhere, Ethereum (ETH) and Dogecoin (DOGE) also faced severe downward pressure. Ethereum, which often mirrors Bitcoin’s volatility, dropped 9%, threatening to retest support near the $3,000 level. Dogecoin, the leading meme coin, plummeted 12%, confirming that speculative assets are the hardest hit when market sentiment turns negative. Other major assets, including Cardano (ADA) and Solana (SOL), recorded similar double-digit percentage declines.

Market observers attribute the widespread carnage to a combination of factors, including persistent fears over rising global interest rates, large-scale profit-taking following a recent rally, and regulatory apprehension impacting institutional flows. The immediate outlook remains distinctly bearish, suggesting that stability will be elusive until Bitcoin can establish new, firm support above recent lows.

Source: XRP Leads Crypto Losses as Ethereum, Dogecoin Prices Crater Alongside Bitcoin