On July 23, 2025, Ripple (XRP) experienced a significant drop of 5.2%, negatively impacting the overall performance of the CoinDesk 20 Index, which decreased by 2.3% to trade at 4054.25. Cardano (ADA) also faced declines, falling 5.1% since the previous day. The day's performance highlighted contrasting trends, with few assets showing positive movement; Bitcoin Cash (BCH) gained 0.3%, while Ethereum (ETH) saw a slight downturn of 0.8%. The report emphasizes a bearish market trend, as more than half of the assets in the CoinDesk 20 are in the red. This downturn comes amid technical challenges for XRP, which has been facing resistance after a previous surge. The market sentiment reflects a cautious approach from investors who are reacting to recent profit-taking activities across several prominent cryptocurrencies.

Source 🔗