XRP has dropped over 4.70%, with its price trading at $2.40.
The market saw a $20.17 million liquidation of XRP.
This trading day opened with bearish traits in the crypto market, with a 2% plunge in the total market cap. The largest cryptocurrencies like Bitcoin and Ethereum are priced in red. Along with Ripple’s XRP has turned red, mirroring the broader market sentiment.
The recent bull market has pushed the price of XRP to new highs, igniting anticipation among the community of a potential $3 barrier breakthrough.
In the morning hours, XRP trades on the upside, visiting its daily high of $2.64. Despite climbing up, the asset chose a downside correction and hit its daily low at $2.41. At the time of writing, the altcoin trades at $2.40, losing over 4.70%.
Furthermore, a $20.17 million liquidation of XRP was observed in the market during this timeframe, as per Coinglass. Also noting its daily trading volume resting at $12.39 billion.
The price of XRP has surged ove
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