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XRP Price Decline Amid Market Volatility
XRP's price fell by 5.04%, breaking below the $1.92 support level due to increased selling pressure and significant market volatility. The selloff was characterized by high trading volumes, indicating institutional repositioning rather than retail panic. As XRP's price action struggles, $1.90 emerges as the immediate resistance level.
The broader crypto market experienced sharp fluctuations, particularly with Bitcoin's rapid price swings between $87,000 and over $90,000, which were compounded by losses in AI-linked stocks. The volatility resulted in over $190 million in crypto liquidations across four hours. Technical indicators suggest a bearish trend, with key levels of support and resistance, while traders remain vigilant on potential retests and macro market conditions.