The post Ripple linked token plunges as bitcoin back below $87,000 appeared on BitcoinEthereumNews.com.

XRP slid sharply on Wednesday, breaking below the $1.92 support zone as elevated selling pressure collided with violent cross-asset volatility during U.S. trading hours. The move came amid abrupt reversals in bitcoin, U.S. equities and AI-linked stocks, leaving altcoins exposed as liquidity thinned and derivatives positioning reset. News Background Crypto markets saw violent whipsaw action in early U.S. trade, with bitcoin briefly ripping from $87,000 to above $90,000 before snapping back to the $87,000 area The reversal coincided with sharp losses in AI-linked equities, including Nvidia, Broadcom and Oracle falling 3%–6%, dragging the Nasdaq down more than 1% Sentiment weakened after reports that Blue Owl Capital pulled out of funding a $10 billion Oracle data-center project, pressuring risk assets tied to AI infrastructure. The sudden swings triggered over $190 million in crypto liquidations in four hours, with $72 million in longs and $121 million in shorts flushed out, according to CoinGlass. XRP underperformed the broader market slightly as derivatives-driven flows hit mid-beta altcoins harder during the volatility spike. Technical Analysis Support:Immediate: $1.90, now the first line of defenseSecondary: $1.75–$1.64, deeper liquidity zone if $1.90 fails Resistance:Near-term: $1.94–$1.99, former support turned supplyPsychological: $2.00, now firmly rejected Volume Structure:Rejection near $1.9885 printed the session’s highest volumeElevated activity confirms distribution, not passive sellingNo evidence yet of seller exhaustion Trend Structure:Breakdown below key Fibonacci retracement shifts structure bearishLower highs formed before the rejection, signaling momentum decayConsolidation resolved to the downside Momentum Check: Failed squeeze above $2.00 acted as a bull trapPrice acceptance below $1.94 keeps downside bias intact. What Traders Are Watching Whether $1.90 holds — a clean break exposes $1.75–$1.64 quickly. Reaction if price retests $1.94–$1.99 — rejection there confirms trend continuation. Whether macro volatility eases or continues to force cross-asset deleveraging. Derivatives positioning after $190 million in liquidations — direction depends on…

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Filed under: News - @ December 18, 2025 4:21 am