The digital asset market experienced a sharp correction on Thursday, dragging major tokens down to multi-week lows. Leading the high-cap altcoin decline, XRP slipped to $1.265, its lowest level since early April, before stabilizing slightly around the $1.29 mark.
XRP Market Snapshot
- 24-Hour Low: $1.265
- Current Price: $1.29 (Down 3.2%)
- Market Capitalization: Sub-$80 Billion
- 7-Day Performance: Down nearly 6%
A Broad Market Correction Shakes Altcoins
The sudden downturn was not isolated to XRP. A wider cryptocurrency market rout pulled Bitcoin and other major assets down, shrinking the aggregate altcoin market capitalization to $1.05 trillion and pushing the total crypto market cap down to $2.58 trillion. XRP’s decline has widened the gap between itself and the fourth-ranked BNB token.
While XRP started 2026 with strong bullish momentum, peaking at $2.40, it faced a steep correction to $1.22 in early February. Since then, the token has traded within a horizontal range between $1.30 and $1.60, struggling to find the catalyst needed to revisit its 2025 all-time high of $3.66.
Other high-cap assets suffered similar fates. Privacy-focused coins like ZEC and XMR dropped by over 8%, while the recently surging HYPE fell 9%. Bitcoin Cash (BCH) recorded double-digit losses, tumbling from $340 to $300.
Binance Selling Pressure Meets April Support
On-chain data indicated heavy selling pressure originating from Binance. Despite the liquidations, XRP managed to hold above its critical April stress zone. This resilience has shifted trader focus toward underlying liquidity conditions and order book depth on major exchanges.
“The heavy spot selling on Binance tested the resolve of XRP buyers, but holding the April support level suggests that institutional interest remains steady near the $1.25 range. The market is currently flushing out leverage before the next structural trend.”
Stellar (XLM) Defies the Downtrend on DTCC Partnership
Bucking the bearish trend, Stellar (XLM) staged a massive rally, surging over 22% from $0.1468 to $0.1792. The catalyst behind this decoupling was an announcement by the Stellar Development Foundation and the Depository Trust and Clearing Corporation (DTCC).
The two entities plan to enable the tokenization of Depository Trust Company (DTC)-custodied assets directly on the Stellar network. This move positions XLM at the forefront of the real-world asset (RWA) tokenization narrative, attracting significant capital inflows despite the broader market correction.
Frequently Asked Questions
Why did XRP price drop today?
XRP dropped due to a broader cryptocurrency market correction, coupled with heavy selling pressure on Binance, which pushed its price to a multi-week low of $1.265.
What is supporting the XRP price right now?
XRP is finding strong support around its April stress zone (near $1.25 – $1.26), where buyers have historically stepped in to absorb selling volume.
Why did Stellar (XLM) rise while other altcoins fell?
Stellar (XLM) surged over 22% following an announcement that the Stellar Development Foundation is partnering with the DTCC to tokenize DTC-custodied assets on the Stellar blockchain.
