XRP dropped more than 6 % in 24 hours, falling back to the critical $1.40 level after a parabolic move that took it from $1 on August 18 to nearly $1.70 in just four days. Solana held up better and reclaimed $100, powered by a record five consecutive days of inflows into its US spot ETFs, while Ethereum remains stuck below $2,450. The crypto market remains under pressure, with leverage identified as the main driver of volatility, as a flash crash already sent XRP down 37 % in minutes on August 22, liquidating $500 million in long positions out of $1.35 billion in total crypto liquidations.
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