Gemini Exchange Identifies Top Altcoin Losers Amid Market Downturn
XRP and other major cryptocurrencies face significant drawdowns as market liquidity tightens in 2026.
1Market Downturn Analysis
Gemini, a prominent American cryptocurrency exchange, recently published data detailing the most significant altcoin price declines of 2026. The report highlights a broader market contraction, with Bitcoin Cash leading the list of losers at a 61.76% drawdown. This analysis reflects the current volatility affecting major digital assets across the entire sector.
2XRP Performance Metrics
Ripple's XRP token has experienced a 43.43% decline since the beginning of 2026. Despite its integration into institutional payment systems and tokenization projects, the asset has struggled to maintain sustained buying interest. Current market conditions have pushed the price toward the $1.10 level, testing previous support zones observed last summer.
3Broader Altcoin Landscape
The list of underperforming assets includes other major tokens like Solana and Hedera Hashgraph, which recorded deficits of 34.02% and 38.13% respectively. These declines occurred while the total crypto market capitalization hovered near $2.5 trillion on November 11, 2026. Bitcoin dominance remains a significant factor, currently holding steady at approximately 60%.
4Drivers of Market Decline
Several macroeconomic and structural factors are contributing to this downward trend. Analysts point to slimming liquidity, weakened speculative interest, and a noticeable lack of institutional participation as primary drivers. These elements combined have created a challenging environment for altcoins, which typically rely on high retail engagement to sustain significant price rallies.
5Ripple Ecosystem Dynamics
Despite price volatility, Ripple continues to expand its presence in stablecoin and institutional payment sectors. Data indicates that XRP remains central to the ecosystem, accounting for 92% of Ripple’s RLUSD swaps on decentralized exchanges. This high utility suggests that internal ecosystem activity remains robust even while external market pricing faces pressure.
6Liquidation and Trading Pressure
XRP bulls recently faced a $1.21 million liquidation event on perpetual contracts, forcing the price down to $1.058. This level sits below all four major moving-average thresholds, signaling technical weakness. The current long-versus-short ratio of 0.9912 indicates that short-sellers maintain a slight advantage over buyers in the immediate term.
7Critical Support Levels
Market participants are closely monitoring liquidity pockets between $0.98 and $1.05 for potential price stabilization. Historically, XRP has bounced off these specific zones before reaching higher quarterly targets, such as the $1.67 peak seen previously. These levels are considered crucial for determining the asset's near-term direction amid ongoing market uncertainty.
8Future Recovery Potential
While current conditions are bearish, analysts suggest that a return of retail interest combined with significant institutional purchases could trigger a bounce-back rally. The market remains sensitive to macroeconomic shifts and liquidity flows. Investors are watching for signs of renewed accumulation to determine if these current lows represent a long-term bottom.
Original article: DailyCoin — Gemini Exchange Identifies Top Altcoin Losers Amid Market Downturn