XRP Just Hit 89 Cents: It's Bleeding Harder Than Bitcoin and Nobody Is Talking About It

XRP Just Hit 89 Cents: It's Bleeding Harder Than Bitcoin and Nobody Is Talking About It

XRP dropped to 89 cents on Coinbase Saturday evening, its lowest price since November 2024, and the seven-day and four-week losses are quietly outpacing both Bitcoin and Ethereum.

That last part matters more than the price itself.

When an altcoin bleeds faster than the two largest assets in crypto over multiple timeframes, it stops being a "market dip" story. It becomes an XRP-specific story. And right now, that story is not a comfortable one for holders who loaded up during the post-election euphoria that sent XRP surging late last year.

The Underperformance Is the Real Red Flag

Bitcoin and Ethereum have had a rough stretch. Nobody is debating that. But both assets have held up better than XRP across matching weekly and monthly windows. That relative weakness signals that whatever selling pressure is hitting crypto broadly, XRP is absorbing more than its share.

This is the pattern that precedes extended altcoin pain. When Bitcoin dominance holds or climbs while a specific altcoin loses ground faster, it typically means one of two things: either large holders are rotating out, or the retail enthusiasm that drove the initial pump has quietly evaporated without a new catalyst to replace it.

XRP had no shortage of catalysts in late 2024. The Ripple legal saga, ETF speculation, and a broader altcoin season gave bulls plenty of ammunition. At 89 cents, the market is now asking whether any of that narrative still has legs.

What the November 2024 Level Means

Pricing context matters here. November 2024 was before the XRP breakout that captured headlines and pulled in a wave of new buyers. Giving back to that level means a significant portion of everyone who bought the excitement is now underwater. Underwater holders either wait, average down, or eventually capitulate. All three outcomes add pressure in the near term.

What Traders Should Watch Right Now

The 89-cent level is not a random number. It represents a full round-trip on months of momentum. If buyers do not step in with conviction near this zone, the next meaningful support sits noticeably lower, and thin weekend liquidity makes the picture harder to read.

Watch Bitcoin dominance over the coming days. If it continues climbing while XRP holds below 90 cents, the rotation out of altcoins has not finished. If Bitcoin softens and capital rotates back into risk assets, XRP will be on the watchlist for a bounce, but it will need to reclaim key levels quickly to avoid becoming a story about a broken trend rather than a dip.

For now, the chart is sending a warning. Whether anyone is listening is a different question.