![](\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDgvOWFiYzY1ZTEtMGE3Mi00ODkwLWIyODYtZmRmNDM3OTBlYWQ1.jpg\")
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XRP price drops 5% amid a marketwide correction.<\/p>\n<\/li>\n
XRP Ledger Foundation spots a backdoor vulnerability in its code library.<\/p>\n<\/li>\n
The 6% drop in open interest over the last 24 hours signals waning confidence.<\/p>\n<\/li>\n
\u00a0Over $11 million in long position liquidations liquidated.<\/p>\n<\/li>\n<\/ul>\n<\/h4>\n
XRP (XRP<\/a>) fell on April 24, down 5% in the last 24 hours to trade at $2.16, fueled by fundamentals, market dynamics, and technical factors.<\/p>\n Let\u2019s take a closer look at the factors driving XRP down today.<\/p>\n A recently identified backdoor vulnerability<\/a> in the XRP Ledger\u2019s JavaScript library has likely rattled investor confidence, leading to today\u2019s correction in XRP price.<\/p>\n The issue was first detected on April 21 by Aikido Security\u2019s monitoring system, which revealed<\/a> that sophisticated attackers compromised the library, introducing a backdoor designed to steal private keys and gain unauthorized access to crypto wallets.<\/p>\n The XRP Ledger Foundation confirmed the incident in an April 22 statement, saying<\/a> they were aware of the issue and the development team is \u201cworking on fixing it.\u201d<\/p>\n Earlier today, a security researcher from @AikidoSecurity<\/a> identified a serious vulnerability in the xrpl npm package (v4.2.1-4.2.4 and v2.14.2).<\/p>\n We are aware of the issue and are actively working on a fix.<\/p>\n A detailed post-mortem will follow.<\/p>\n \u2014 XRP Ledger Foundation (Official) (@XRPLF) April 22, 2025<\/a><\/p><\/blockquote>\n In a follow-up post on X, the XRP Ledger Foundation said<\/a> it had already upgraded the code repository to \u201cremove the previously compromised version.\u201d<\/p>\n While no immediate exploits were reported, the discovery raised fears of potential supply chain attacks, prompting developers and users to urgently review dependencies.<\/p>\n XRP open interest<\/a> (OI) has decreased by 6.7% to $3.90 billion over the last 24 hours. This decline in OI signals reduced trader confidence and liquidity, driving down prices.<\/p>\n The drawdown in XRP price has also triggered liquidations on the last day, where long positions valued at $11.61 million were forcibly closed, compared to just $1.58 million in shorts. This reflects heightened selling pressure as bullish traders are forced to sell at a loss, further pushing prices lower.\u00a0<\/p>\n The combination of forced sell-offs and low market participation has amplified XRP\u2019s bearish momentum.<\/p>\n The 24-hour long\/short ratio of 0.9399 and a 22% drop in trading volume to $8.82 billion suggests a waning bullish sentiment.<\/p>\n From a technical perspective, the XRP\u2019s losses today are part of a correction within a classic bull flag pattern<\/a>, which points to a continuation of the uptrend.\u00a0<\/p>\n XRP\/USD is attempting a breakout from the flag in the four-hour timeframe, as shown in the chart below.<\/p>\n A decisive four-hour candlestick close above the flag\u2019s upper boundary at $2.18 and later a rise above the flag\u2019s high of $2.30, accompanied by high volume, could see XRP price rally toward the bullish target of the prevailing chart pattern at $2.42.<\/p>\n XRP price remains above all the major moving averages, suggesting that the market conditions still favor the upside.\u00a0<\/p>\n However, if XRP closes below the support level of $2.18, it would extend the decline to retest the $2.10 to $2.13 demand zone, which is the 200-day SMA, 50-SMA, and the lower boundary of the flag.<\/p>\n Popular analyst Dom\u00a0said<\/a>\u00a0the altcoin must overcome the resistance at $2.20 before making a run toward $2.40 or higher.<\/p>\n This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>","protected":false},"excerpt":{"rendered":" Key takeaways: XRP price drops 5% amid a marketwide correction. XRP Ledger Foundation spots a backdoor vulnerability in its code library. The 6% drop in open interest over the last 24 hours signals waning confidence. \u00a0Over $11 million in long position liquidations liquidated. XRP (XRP) fell on April 24, down 5% in the last 24 […]<\/p>\n","protected":false},"author":1,"featured_media":320,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-319","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/cryptocoinnewslink.com\/index.php?rest_route=\/wp\/v2\/posts\/319","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptocoinnewslink.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptocoinnewslink.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptocoinnewslink.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptocoinnewslink.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=319"}],"version-history":[{"count":0,"href":"https:\/\/cryptocoinnewslink.com\/index.php?rest_route=\/wp\/v2\/posts\/319\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptocoinnewslink.com\/index.php?rest_route=\/wp\/v2\/media\/320"}],"wp:attachment":[{"href":"https:\/\/cryptocoinnewslink.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptocoinnewslink.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptocoinnewslink.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Backdoor vulnerability in XRP Ledger sparks concern<\/h2>\n
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Drop in OI dampens XRP\u2019s uptrend<\/h2>\n
XRP price: temporary correction?<\/h2>\n