The price of XRP today is approximately $2.05, down about 2.8% over the past 24 hours.

Reasons for the price drop:

• Profit distribution by large investors: Approximately 68.5 million XRP is sold daily by large profit holders, putting pressure on the price and potentially leading to a decline to the range of $1.35–$1.60.

• Weak network activity: On-chain data shows a significant decline in the number of new and active addresses, along with a drop in open interest of about 30%, reducing momentum and delaying a breakout above $2.30.

• Geopolitical factors and technical pressure: Tensions such as the Israeli-Iranian conflict have weakened risk appetite, while XRP has failed to break resistance at $2.33, creating additional technical pressure.

Conclusion: XRP is undergoing a consolidation phase within a defined range of $2.05–$2.30, and its near-term future is tied to stopping sales and network pressure, and it may need to break through technical resistance to trend toward a clearer bullish or bearish direction.