The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

5 months ago

Version History

Version 15 months ago

What changed: The story was updated to reflect the broadening sell-off into ETH and SOL, while identifying Bitcoin's technical failure to break its range as a primary bearish catalyst for the wider market.

CryptoMediumUpdated•Originally published 24 February 2026•Updated 24 February 2026•

1 min read

Crypto Sell-off Deepens as XRP, ETH, and SOL Slide on 'AI Scare Trade'

Key Facts

1Tariff escalation and AI disruption fears are pressuring the crypto market, sparking a selloff.

2XRP is testing a critical support level at $1.0 amid broader Bitcoin weakness.

3Traders are closely watching Fed policy, BoJ signals, and ETF flows for market direction.

The cryptocurrency XRP is under intense selling pressure, testing a critical support level at $1.0 amid escalating tariff fears and AI disruption concerns. These losses have now extended to other major assets, including Ethereum (ETH) and Solana (SOL), driven by what is being termed the 'AI scare trade.' Analysts highlight that Bitcoin's prolonged failure to break above its current trading range is shifting the broader market's technical outlook in favor of the bears. Market participants are closely monitoring upcoming policy signals from the Federal Reserve (Fed) and the Bank of Japan (BoJ) for direction. Additionally, institutional ETF flows continue to serve as a key gauge for assessing shifting risk appetite. Given these factors, technical indicators suggest that bearish momentum is likely to persist in the short term across the digital asset space.

Sources:

fxempire.com

coindesk.com