XRP Price Plummets Amid Leverage Unwind, Reaches Critical Support Zone

XRP's price has plummeted by 6.23% over the past 24 hours, making it the worst performer among the top 10 cryptocurrencies by market cap.

This sudden drop is a sharp reversal for XRP, which had been riding high on a 35.55% weekly gain, outpacing other major coins like Bitcoin and Ethereum.

The token's price has now retested the $1.40 zone that flipped from resistance to support during last week's breakout.

Indicators are mixed, with the Relative Strength Index still bullish but closing in on the 70 line where traders typically book profits.

Whether XRP can hold onto its gains will depend on Bitcoin's ability to maintain the $77,000-$78,000 zone and upcoming catalysts like tonight's PCE print and Nvidia earnings report.