Ripple Price Plummets, Faces Competition

This is a U.S. news story, published by CoinGape, that relates primarily to Bitcoin news.

U.S. news

For more U.S. news, you can click here:

more U.S. news

Bitcoin news

For more Bitcoin news, you can click here:

more Bitcoin news

crypto trading & speculation news

For more crypto trading & speculation news, you can click here:

more crypto trading & speculation news

CoinGape news

For more news from CoinGape, you can click here:

more news from CoinGape

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like crypto trading & speculation news, you might also like this article about

XRP futures markets

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest XRP futures news, Ripple price news, crypto trading & speculation news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

XRP price underperformance

CoinGape

•

Business

Business & Economics

Why is XRP Price Down Today: Ripple's $300M RLUSD Market Rattled as JP Morgan Partners 3 US Banks for "Wall Street Stablecoin"

Summary

Nutrition label

72% Informative

Ripple (XRP) price plunged 5.2% in the past 24 hours to trade at $ 2.31 on Saturday , underperforming top five rivals.

XRP futures open interest dropped below $ 5B , signaling deleveraging, while long liquidations hit $ 14.88 M in 24 hours .

Bitcoin hit a new all-time high of $ 111 K, driven by ETF inflows and new institutional demand from Trump ’s tariff news.

JPMorgan and top U.S. banks propose a blockchain-based, Wall Street-native stablecoin.

Ripple (XRP) traded at $ 2.3066 at press time, down 5% from Friday .

Bitcoin ’s steady consolidation above $108,000 could offer a technical buffer for XRP bulls in the near term.

XRP has slipped below both the 9-day and 21-day moving averages ($ 2.3697 and $ 22.3556 ) The failure to hold above these key trend lines suggests weakening short-term momentum.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful