XRP has fallen sharply to $2.00, marking a 34.1% loss over the past seven days as the broader crypto market faces intense selling pressure. The drop comes amid cascading liquidations totaling more than $5 billion across major exchanges, with Bitcoin slipping below $107,000 and Ethereum breaking under $4,000.
According to CoinMarketCap data, XRP’s market cap dropped 28.2% to $120.3 billion, while 24‑hour trading volume surged nearly 92% to $10.82 billion, indicating heightened volatility and large‑scale position reshuffling. The token tumbled from the $3.00 range earlier in the week, erasing much of its September rally.
Despite the steep decline, analysts note that XRP continues to see institutional interest following recent ETF discussions and on‑chain accumulation. Still, short‑term traders are bracing for more downside unless XRP reclaims the $2.30–$2.40 zone, which previously served as key support.
If Bitcoin and Ethereum continue to weaken, XRP could retest $1.85, a critical level last visited during July’s correction. However, strong inflows and exchange activity suggest that buyers may soon attempt to stabilize the price near the current level.