XRP falls 20% in a month, tests $1 support amid Binance hack fallout

XRP has faced significant downward pressure since early February, underperforming other major cryptocurrencies in recent weeks. On Thursday, XRP traded at $1.12, marking an 11% decline over the past week and a 20% drop in the last month, erasing its earlier gains for the year. The digital asset attempted a short-lived recovery to the $1.30–$1.34 range but quickly lost momentum, falling to the $1.24 level before further declines. Since November 5, XRP has shed approximately 14% of its value, primarily due to weak market sentiment and external shocks impacting the broader sector. Industry anxiety intensified after a major hack at Binance, the world’s largest cryptocurrency exchange by trading volume, which triggered widespread risk aversion across all major markets.

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