💥In a sudden and sharp drop, the price of XRP fell to $2.15 on April 30, causing the liquidation of 💰 long positions worth $13.9 million within hours, compared to only $1.49 million of short positions 💵 in a clear indication of excessive bias towards buying.

✨Although the price rebounded 📉 later to $2.20, analysts warned of the possibility of a repeat liquidation if the price 🧭 does not maintain this critical support.

✨This decline 📈 comes despite the positive momentum 🔥 surrounding Ripple, following the U.S. Securities and Exchange Commission's suspension of its lawsuit against the company, and the launch of the stablecoin RLUSD, amid expectations ✅ of an imminent approval for spot trading funds for XRP.