Ripple's XRP has plunged over 15% from its recent all-time high of $3.66, crashing to under $3.05 within hours amid a broader altcoin sell-off. This dramatic correction follows a historic 50% weekly surge where XRP shattered its 2018 record, briefly pushing its market cap above $200 billion.
The crash triggered massive liquidations, with CoinGlass data revealing over $93 million in XRP long positions wiped out daily—second only to Ethereum—and an additional $21 million liquidated in a single hour during peak selling. This marks XRP's worst daily performance since April 2025, currently trading near $3.28 after a partial recovery.
Altcoins broadly suffered, with Dogecoin (DOGE) down 9% and Solana (SOL) dropping 7% as Bitcoin dominance climbed toward 62%. Analysts attribute the downturn to profit-taking after aggressive rallies, cooling risk-on sentiment across the crypto market.