XRP continues to maintain relative stability even as the broader crypto market faces significant turbulence. Bitcoin’s sharp retreat below $110,000 has shaken investor sentiment, with Ether and several altcoins posting notable losses.

Bitcoin Drops to Seven-Week Low Below $110K

Bitcoin (BTC), the largest cryptocurrency by market capitalization, failed to sustain its recent recovery. After momentarily climbing to $113,000 during Monday’s U.S. session, BTC quickly reversed course, sliding back below $110,000. This decline brings it near the $109,400 level noted just before the January 20 presidential inauguration.

Recent pricing data from CoinDesk placed Bitcoin at approximately $109,700, a 2.7% drop over the past 24 hours. This also represents a 7% decline from its recent high above $117,000, triggered by Federal Reserve Chair Jay Powell’s dovish remarks at Jackson Hole last Friday.

Altcoins Tumble as Market Sentiment Sours

While many alternative cryptocurrencies withstood the brunt of Sunday’s dip, Monday’s trading session saw a widespread decline. Ethereum’s ether (ETH) led the losses, plunging nearly 8% to dip below $4,400. Other notable altcoins including Solana (SOL), Dogecoin (DOGE), Cardano (ADA), and Chainlink (LINK) also dropped between 6% and 8%.

Despite the market’s overall weakness, XRP displayed a comparatively stable performance. This resilience may attract attention from investors seeking lower volatility during uncertain periods in the sector.

Over $700M in Crypto Derivatives Liquidated

Volatility in the crypto space triggered substantial liquidations, particularly across leveraged trading positions. According to CoinGlass data, nearly $700 million worth of positions were wiped out within the last 24 hours — a figure that even surpassed Sunday’s rapid downturn. Of that total, $627 million came from long positions, where traders had bet on higher prices.

Seasonal Trends Could Exacerbate Downside

As summer winds down, the market enters a historically weak seasonal period. Data from CoinGlass indicates that September typically brings negative returns for key assets: Bitcoin averages a 3.77% drop, while ether tends to decline by 6.42% during the same month. This seasonal weakness could further dampen sentiment among crypto traders in the coming weeks.

Graphic showing the price decline of Bitcoin and Ethereum over the past 24 hours amid market liquidation.

While much of the crypto sector reels from intensified selling pressure, XRP’s relative stability highlights it as a potentially safer harbor during turbulent times. Still, investors should remain cautious as seasonal patterns and macroeconomic uncertainty continue to play a role in market behavior.