XRP’s market capitalization has erased nearly $10 billion in four days as bearish momentum continues to pressure the broader cryptocurrency market.
Specifically, on May 14, XRP’s market capitalization stood at $95.39 billion before falling to $85.66 billion at press time, wiping out about $9.73 billion in four days.
Meanwhile, XRP was trading at $1.38, down 4.5% over the past week and more than 2% in the last 24 hours.
XRP’s decline has largely been driven by its strong correlation with Bitcoin (BTC), often magnifying market moves due to thinner liquidity and risk-off sentiment in altcoins.
As Bitcoin fell below $80,000 and struggles to hold above $75,000, additional pressure has weighed on XRP.
The broader crypto market weakness has also been fueled by geopolitical tensions and macroeconomic uncertainty. In this line, the ongoing U.S.-Iran conflict and disruptions in the Strait of Hormuz have lifted oil prices and triggered risk-off sentiment across global markets.
Meanwhile, rising U.S. Treasury yields and persistent inflation have reduced expectations for near-term Federal Reserve rate cuts, making speculative assets like cryptocurrencies less attractive.
Profit-taking by long-term holders and large investors has further added to the selling pressure, particularly after XRP rallied above $1.50.
XRP ETFs strong momentum
Notably, the correction has come despite strong momentum in spot XRP ETFs, which recorded $60 million in net inflows last week, their best weekly performance of 2026.
Notably, all five XRP ETF products recorded positive flows during the week, with the latest figure alone exceeding the combined monthly totals recorded in January, February, and March 2026.
The strong momentum has also pushed May ahead of April’s previous monthly record of $81.59 million, making it the best-performing month for XRP ETFs so far this year.
With the latest inflows, XRP ETFs have fully recovered their earlier 2026 losses and reached a new cumulative net inflow total of $1.39 billion.
Meanwhile, XRP’s key price levels to watch include resistance at $1.45 to $1.50 and support at $1.30 to $1.35.
A sustained Bitcoin recovery above $80,000 to $82,000 could help lift XRP toward the $1.50 to $1.70 zone, while a breakdown below $1.30 risks deeper losses toward $1.20 to $1.15.
