XRP Slips 4.5% As Market Pullback Hits Investors

XRP is currently trading at $1.05, marking a 4.5% decline from its recent peak of $1.11. The drop follows a general downward trend across the crypto market, which has shed over $80 billion in value today. Bitcoin led the decline, falling from $65,600 to $63,000, and as often happens, most altcoins are tracking the move.

Market caution is growing ahead of the Federal Reserve meeting tomorrow. Investors are nervous about potential interest rate changes, leading many to reduce their exposure to riskier assets. While ETF inflows stayed positive, the numbers were too low to stop the selling pressure. The loss of the $1.08 support level also triggered a series of liquidations, which accelerated the price slide.

Looking ahead, analysts are watching for increased volatility. Some observers note that market liquidity is thinning out, which could signal a larger move in either direction soon. Traders are keeping a close eye on $0.87 as a potential support target if the current price fails to hold its ground.