XRP falls 5% as bitcoin’s sudden pump and dump rattles crypto markets
Yahoo Finance·2025-12-18 01:06

XRP slid sharply on Wednesday, breaking below the 1.92supportzoneaselevatedsellingpressurecollidedwithviolentcrossassetvolatilityduringU.S.tradinghours.Themovecameamidabruptreversalsinbitcoin,U.S.equitiesandAIlinkedstocks,leavingaltcoinsexposedasliquiditythinnedandderivativespositioningreset.NewsBackgroundCryptomarketssawviolentwhipsawactioninearlyU.S.trade,withbitcoinbrieflyrippingfrom1.92 support zone as elevated selling pressure collided with violent cross-asset volatility during U.S. trading hours. The move came amid abrupt reversals in bitcoin, U.S. equities and AI-linked stocks, leaving altcoins exposed as liquidity thinned and derivatives positioning reset. News Background Crypto markets saw violent whipsaw action in early U.S. trade, with bitcoin briefly ripping from 87,000 to above 90,000beforesnappingbacktothe90,000 before snapping back to the 87,0 ...