XRP News: Ripple Drops 10% – Here’s Why XRP Price Is Down Today

The cryptocurrency $XRP market has witnessed over $600 million in liquidations within 24 hours, and XRP price has taken a heavy hit. Ripple’s native token has dropped more than 6% in a day, falling below $3 and creating a strong bearish sentiment. With Bitcoin struggling to stay above the $100k mark, XRP is now under pressure to maintain its $2.756 support level this week.

Ripple Price Records a Strong Bearish Reversal

The XRP price plummeted 6.23% in the past 24 hours, with a sharp surge in trading volume of $6.28 billion. This spike in volume represents a 102.63% increase, driven primarily by heightened selling pressure.