XRP crypto, like Bitcoin and top altcoins, dropped on August 14. By the end of the day, XRP USD prices had recoiled from $3.3, dropping to as low as $2.99. What’s unique about yesterday’s losses is that the dump had high trading volume, the highest in over two weeks, looking at Binance data.
XRP Crypto Drops
From the daily chart, the uptrend remains. Since the leg up from late June,
XRP
3.76%
XRP
XRP
Price
$1.15
3.76% /24h
Volume in 24h
$2.67B
Price 7d
prices have more than doubled.
In June, the coin fell to as low as $1.9. However, in the next four weeks after this collapse, XRP USD prices rose to as high as $3.7, printing fresh all-time highs.
After this unprecedented surge, the coin, like some of the best cryptos to buy, including Polkadot and NEAR Protocol, cooled off from mid-July.
Local resistance is at $3.4 at spot rates, while clear support is at the $2.7 zone. Any breakout in either direction will shape the short-to-medium-term price action.
If buyers succeed, XRP crypto could spike, breaking $3.7 and $4 by the end of September.
On the flip side, if yesterday’s losses are confirmed, a mega deleveraging event is expected that will likely push XRP USD below the local support at $2.7.
In that case, leveraged longs will be unwound, creating a cascade of shorts that may fast-track the dump towards $2.
DISCOVER: Top Solana Meme Coins to Buy in 2025
Over $1 Billion of Leveraged Bitcoin, Ethereum, and Altcoins Liquidated
Yesterday, the sell-off seen in Bitcoin, Ethereum, XRP, and other coins that stood to be the next 1000X cryptos, was mainly due to liquidations.
Because Ethereum and Bitcoin failed to confirm gains of Wednesday, speculators who max-leveraged on exchanges like Bybit and Binance had to be liquidated.
By the end of August 14, over $883 million of leveraged longs had been closed on leading perpetual exchanges. Meanwhile, sellers weren’t spared.
(Source: Coinglass Crypto Liquidations)
More than $176 million of leveraged short positions were closed. Since the bias was mostly long, the dump in XRP USD prices specifically saw over $56 million of longs forcefully closed.
At spot rates, XRP crypto open interest is down nearly 6% to $8.21 billion while volume is up 10% to over $14 billion.
(Source: Coinglass XRP Liquidations)
Macroeconomic data remain immediate headwinds. In the United States, July’s core PPI data came in higher than expected.
With inflation rising, it dampens the hopes of the Federal Reserve cutting rates in September.
The general expectation is that the central bank will slash rates regardless of tariffs and inflation. Treasury Secretary Scott Bessent expects a drop of around 50 basis points.
Treasury Secretary Scott Bessent has called for a 50-basis point cut in September.
And said "we should probably be 150, 175 points lower."
No, this doesn't mean the 30-year fixed, currently ~6.50%, will be 5% or even 4.75% soon.
— Colin Robertson (@mortgagetruth) August 13, 2025
If Jerome Powell and the FOMC fail to cut rates despite political pressure, crypto prices will likely dump.
DISCOVER: Best New Cryptocurrencies to Invest in 2025
Ripple Is Building
In the meantime, Ripple developers are looking beyond prices. David Schwartz, the CTO at Ripple, posted on X that the XRP Ledger is fully equipped to power global finance.
The executive added that the blockchain is “battle-tested, updated, and improved upon for well over a decade.”
Because of this solid foundation, the CTO continued, the ledger is “adaptable, interoperable, and well-positioned to serve as critical infrastructure for the world’s financial system; connecting assets, markets, and participants seamlessly across borders.”
DISCOVER: 20+ Next Crypto to Explode in 2025
Snorter Presale: Will SNORT Mirror XRP’s Stellar Performance?
If XRP is to tick higher, some of the hottest crypto presales will also rise with the tide.
At the top of the list is the Snorter presale.
Snorter developers are building an autonomous trading bot on Telegram designed for sniping quality tokens, including meme coins, on Solana.
What’s special about the bot is that it is built for speed and has advanced features suitable for all traders and investors. While there is an option to automate token snipes and swaps, there are different order types, including stop loss orders, to cushion against volatility.
Since speed is everything, Snorter will run on a private RPC architecture. However, developers are also aware that not all tokens are keen on building but on scamming. For this reason, Snorter has a honeypot detection tool and an MEV protection mechanism to protect traders.
Moreover, compared to competitors like Maestro, Snorter is cheaper to use. Every trade attracts a 0.85% fee, lower than the industry’s 1%.
In the ongoing presale, SNORT, the native token, is trading for just $0.1013, raising over $3.1 million.
Interested investors should act now since SNORT prices will increase in the next 24 hours.
DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025
Why is XRP Crypto Down Today? Snorter Presale Raises $3.1M
- XRP crypto dips from $3.4 to below $3
- Will XRP USD prices recover and break $4
- Rising inflation spooks investors
- Snorter presale shines, raises over $3.1 million
Why you can trust 99Bitcoins
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
Weekly Research
100k+Monthly readers
Expert contributors
2000+Crypto Projects Reviewed
