Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
XRP dropped 9% while everything else was pumping. That is worth paying attention to
BTC was up 4-6%. ETH gained 7%. SOL ran 10%. And XRP broke below $1.36 support on heavy volume and dumped to $1.30 in hours.
The entire market was rebounding and XRP was bleeding. That kind of underperformance during a broad rally is a signal not just noise.
Here is why it happened.
Ripple unlocked 1 billion XRP from escrow just 10 hours ago. 500 million plus 300 million plus 200 million in separate tranches. That is fresh supply hitting the market at exactly the wrong time. Binance saw 2.54 billion XRP in inflows over the last 30 days. And 95.9 million XRP worth $127 million moved from unknown wallets on February 24.
That is a lot of sell pressure stacking up at once.
XRP is now sitting at $1.37 after recovering from the $1.30 low. Volume at $4.13 billion. Market cap $83.8 billion. The bounce happened but resistance sits at $1.42 then $1.50.
Community on X is split. Some calling it a buy between $1.30 and $1.35. Others saying the support break changes the structure.
Ripple CEO told regulators to "act in good faith" this week. CLARITY Act deadline today. Regulatory clarity could flip XRP fast.
But until $1.42 breaks cleanly this is just a dead cat situation.
Not financial advice. Do your own research
#CelebratingNewYearOnGateSquare