XRP Drops 4.1% Amid Market Uncertainty, Holds Above $2.90 Support With $5.5B Volume

XRPUSDT declined by 4.10% over the past 24 hours, with the price falling from 3.0509 to 2.9259. This drop is primarily attributed to broader market uncertainty, including risk-off sentiment driven by concerns over higher US tariffs and significant outflows from US spot Bitcoin and Ethereum ETFs, which have led to reduced institutional exposure across major cryptocurrencies. Technical indicators, such as a SuperTrend sell signal and a bearish MACD crossover, have reinforced short-term downside risk for XRP. Despite the recent decline, XRP remains above the key $2.90 support level, with a 24-hour trading volume of approximately $5.4–$5.6 billion and a market capitalization near $174.29 billion, positioning it as the third-largest cryptocurrency by market cap.