The price of XRP has dropped today to below $3 📈
Speaking of the third strongest cryptocurrency asset, XRP has also reversed its decline, with the price of XRP falling today by 2.55% to $2.9484.
The XRP/USD pair has been trending downwards since mid-August, and Bitcoin's correction has accelerated the decline. Traders are now eyeing the August low of $2.74, with a potential retest near $2.40 if selling pressure intensifies.
This move highlights how alternative currencies are linked to Bitcoin market volatility, and today's drop reaffirms these connections.
Despite the previous optimism about XRP's trajectory, the recent wave of liquidation and risk-averse sentiment have weakened its short-term outlook.
