XRP Hits 21 Month Low as Bitcoin Struggles Near $64K

Bitcoin stalled after failing to maintain its position above $65,000. After testing this level repeatedly over the weekend, selling pressure pushed the price down to $64,000. This shift comes after a recent attempt to rally was thwarted, leading to a broader drop in the total cryptocurrency market cap of approximately $40 billion.

Altcoins are feeling the pressure as well. Ethereum has slipped below $1,900, while XRP is currently showing significant weakness. It is now trading at a 21 month low and is dangerously close to falling below the $1.00 psychological support mark. Other tokens like ADA and ZEC have also seen notable daily losses.

Despite the downward trend, a few assets have managed to stay in the green. Tokens such as BNB, TRX, and MNT posted gains during this period. Market participants are now watching to see if the $64,000 level can provide a solid base for Bitcoin or if further downside is likely in the coming days.