XRP took a sharp nosedive, slipping below the crucial $2 mark and sending shockwaves through the crypto community.
Currently trading at $1.97, XRP fell from $2.41 in less than 24 hours, marking a staggering 18% drop for the day.
XRP 1-day price chart. Source: Finbold
The market cap tumbled from $137.8 billion to $113.8 billion, resulting in a loss of $24 billion in value within a day.
XRP 1-day market cap price chart. Source: CoinMarketCap
Trading volume surged to $24.75 billion, an 8.38% increase over the last 24 hours, signaling intense market activity as traders scrambled to reposition.
XRP is still trading above its 200-day simple moving average, suggesting that the broader trend remains positive despite the correction, as the token remains up 76.35% in the past month
Over the past 30 days, XRP has seen 17 green days out of 30, reflecting a 57% positive trading streak.
Key XRP levels to watch
In the short term, traders are eyeing the $2 psychological level as a
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