XRP Falls 4.7% After Ripple’s 75M Transfer, Bearish Signals Emerge Amid $2.00 Support Breach

XRPUSDT has declined by 4.70% over the past 24 hours, with its current price at 1.8934 USDT (Binance data). The recent drop is primarily attributed to decreased on-chain XRP payment volume, lower institutional and ETF trading activity over the weekend, and heightened bearish sentiment following a breach of the $2.00 support level. Additional market attention was drawn by Ripple’s transfer of over 75 million XRP to a Binance-associated wallet, which may have impacted liquidity and selling pressure. Despite oversold momentum indicators that could suggest a short-term rebound, technical signals remain bearish, with a death cross observed on short-term charts. XRP continues to hold the #5 rank by market cap, with 24-hour trading volume robust at approximately $3.5 billion and a circulating supply near 60.5 billion coins.