Another month has started on a similar note as the previous, with the cryptocurrency market bleeding heavily, and nearly $200 billion leaving the space in less than 12 hours.<\/p>\n
There seems to be no actual catalysts behind the latest crash, aside from over-leveraged market participants. Nevertheless, some altcoins have been hit worse than others, such as Ripple\u2019s XRP.<\/p>\n
While ETH is down by less than 6% daily and BNB has slipped by 5%, XRP has dropped by 7% and dipped to $2 earlier today on most exchanges. As a result, the cross-border token has dipped to a major buy wall serving as a support that managed to hold its free falls in the past.<\/p>\n
The buy wall for $XRP<\/a> exist since $2 pic.twitter.com\/wSe6hOFF8e<\/a><\/p>\n \u2014 CW (@CW8900) December 1, 2025<\/a><\/p>\n\n Interestingly, today\u2019s price decline follows similar movements when spot XRP ETFs were supposed to launch. Recall that the underlying asset plunged after the first such product, released<\/a> by Canary Capital, hit the US markets in mid-November despite its record-breaking debut day.<\/p>\n Bitwise\u2019s XRP was also impressive on day one, but the token plunged once again, albeit in line with the rest of the cryptocurrency market.<\/p>\n Consequently, many speculate whether today\u2019s expected launch of 21Shares\u2019 spot XRP ETF, which will track the CME CF XRP-Dollar Reference Rate, is another classic sell-the-news event.<\/p>\n They have to try and ruin every XRP ETF launch day pic.twitter.com\/1QGcpe2Mcw<\/a><\/p>\n \u2014 Cobb (@Cobb_XRPL) December 1, 2025<\/a><\/p>\n\n The four XRP ETFs already live for trading have attracted over $660 million in total net inflows since the first one launched a few weeks ago. XRPC remains the biggest of the bunch, with more than $340 million in cumulative netflows, followed by Bitwise\u2019s XRP, Franklin\u2019s XRPZ, and Grayscale\u2019s GXRP.<\/p>\n The drop to $2.04 as of press time means XRP trades further in the red on the YTD scale, having entered 2025 at $2.32. This sort of performance is in stark contrast to the year the company behind the token had, which is arguably its best ever<\/a>.<\/p>\n The post Is This Why Ripple\u2019s XRP Dropped to $2 Today?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Another month has started on a similar note as the previous, with the cryptocurrency market bleeding heavily, and nearly $200 billion leaving the space in less than 12 hours. There seems to be no actual catalysts behind the latest crash, aside from over-leveraged market participants. Nevertheless, some altcoins have been hit worse than others, such […]<\/p>\n","protected":false},"author":0,"featured_media":116845,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-116844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/116844"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=116844"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/116844\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/116845"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=116844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=116844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=116844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}