XRP has plunged 10% to $1.30, marking its lowest level since November 2024, as a broader cryptocurrency market sell-off intensifies. The token's sharp decline led losses among major cryptocurrencies, including Bitcoin, Ethereum, Solana, Dogecoin, and Cardano, all of which faced significant price drops. Despite the downturn, XRP recorded a positive net inflow of $4.83 million, contrasting with outflows in other assets. Veteran trader Peter Brandt has predicted a potential Bitcoin drop to $42,000, describing the current market correction as a "banana peel" drop. This forecast adds to the uncertainty in the market, with Bitcoin's price currently around $60,074 and Ethereum at $1,748. Meanwhile, U.S. Bitcoin ETFs saw $434 million in net outflows, with BlackRock's ETF leading with $175 million in withdrawals. In contrast, Solana and XRP ETFs experienced minor inflows, indicating some investor confidence amid the volatility. XRP's immediate downside target is $1.20, with potential to fall to $1.10 if bearish momentum continues. The Relative Strength Index (RSI) for XRP has dropped to 33, nearing oversold conditions. A rebound above $1.40 could improve market sentiment, but the broader market conditions and Bitcoin's trajectory will be crucial for XRP's recovery.