Ripple’s XRP dropped 4.5% on July 28, falling from $1.11 to $1.05 amid a broader cryptocurrency market downturn. Bitcoin plunged from $65,600 to $63,000, wiping over $80 billion from the total market cap. Investors are reducing exposure to risk-on assets ahead of the Federal Reserve’s next FOMC meeting. The loss of the $1.08-$1.10 support zone triggered a wave of liquidations. Despite modest positive ETF inflows of under $600,000, these were insufficient to prevent XRP’s decline.
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