XRP Falls Below $1.10 Amid Surging Sell‑off and Heightened Volatility

XRP slipped to just above the $1.00 psychological support level, trading around $1.05–$1.12, its lowest in 15 weeks. The token lost roughly 7–8 % in a single day and has fallen more than 20 % over the past month, with market capitalization hovering near $65 billion. Trading volume surged more than 40 % to about $4 billion, reflecting intensified buying and selling pressure.

Analysts link the decline to broader risk‑off sentiment in crypto markets, heightened by uncertainty over U.S. Federal Reserve rate outlooks and a recent escalation of Middle‑East tensions. Levi Rietveld noted that Iranian drone attacks on Kuwait’s airport “…we’re nowhere close to getting a deal with the United States. They’re playing games with us,” and said the conflict pushed oil prices higher, feeding inflation fears and prompting tighter monetary policy, which reduces liquidity for risk assets like XRP.

Despite the price drop, XRP continues to attract institutional interest: seven U.S. spot XRP ETFs have recorded fresh inflows, and on‑chain activity on the XRP Ledger remains robust. Traders watch the $1.00 level as a decisive test; a break below could open further downside, while a rebound toward $1.20 would signal stabilization.