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

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.