XRP Drops 2.76% as $1.05M Longs Liquidated—Breaches $2 Support Amid Surging $3.7B Volume

XRPUSDT experienced a 2.76% decrease in the past 24 hours, with the price currently at 1.9042 USD. This decline is primarily attributed to broader market pressures, including geopolitical tensions and increased regulatory scrutiny, which led to significant liquidations of long positions totaling over $1.05 million. The asset also breached the key $2 support level, triggering further selling and heightened volatility. Despite recent bearish momentum, trading volume rose to $3.70 billion, supported by underlying activity and Ripple's expanding global operations. XRP remains the fifth largest cryptocurrency, with a market cap of approximately $115.89 billion and a circulating supply of 60.79 billion coins.