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XRP drops for 6 consecutive days, breaking below the $2 support level. Market risk assets are being sold off.
Source: DigitalToday Original Title: XRP Price Falls Below $2 Despite Increased ETF Demand Original Link: https://www.digitaltoday.co.kr/news/articleView.html?idxno=622308
XRP has declined for six consecutive days, breaking below the $2 support level. This decline occurs amid a broad market sell-off of risk assets worldwide, leading to a wide-ranging market correction.
The cryptocurrency market is generally under pressure. Bitcoin has fallen to around $92,000, and Ethereum has dropped below the $3,000 support level. XRP is also not immune, with $39.5 million in long positions liquidated, marking the largest liquidation since November 22, 2025.
On-chain transaction volume on the XRP Ledger reached a six-month high last week, but the price has fallen 18.5% from the 8-week high of $2.41 and is currently trading below $2.
Market participants need to closely monitor the divergence between on-chain activity and price movements, as well as the effectiveness of subsequent support levels.