XRP wipes out over $11 billion in a day as major crash signal pops
The post XRP wipes out over $11 billion in a day as major crash signal pops appeared on BitcoinEthereumNews.com.
XRP has erased more than $11 billion in market value over the past 24 hours amid intensifying selling pressure across the broader cryptocurrency market. In this regard, the token’s market capitalization dropped from $101 billion to $89.31 billion at press time, marking a sharp $11.6 billion contraction in a single day. XRP 24-hour market cap chart. Source: CoinMarketCap Over the same period, XRP fell nearly 10% to trade around $1.46, extending its short-term decline after a recent attempt to move above $1.50. The pullback comes as a notable technical warning signal emerges on the daily chart. This decline fits within broader cryptocurrency market weakness, where Bitcoin (BTC) has failed to hold above the $70,000 level. The latest downturn has been driven by anticipation of key macroeconomic data, including Federal Reserve minutes and inflation reports. Meanwhile, the main catalyst for XRP’s sharper drop appears to be a massive sell-off on the South Korean exchange Upbit, where approximately $50 million worth of XRP was offloaded. This triggered heavy selling pressure, halted a recent rebound attempt, and pushed the price to a two-day low near $1.46. Data indicates that most of the activity reflected genuine sales rather than wash trading. XRP had been attempting a recovery earlier in the week, rising from February lows and briefly surging 11–20% in prior sessions amid signs of accumulation, such as reduced Binance reserves. XRP’s woprrying technical outlook From a technical analysis perspective, there are concerns that the asset might see further losses. Analysis shared by Ali Martinez in an X post on February 5 pointed to the formation of a gravestone doji near the $1.50 level. XRP price analysis chart. Source: Ali Martinez This candlestick pattern forms when price rallies strongly during a session but then reverses and closes near its opening level, leaving a long…
Filed under: News - @ February 16, 2026 9:24 am