XRP Slides 4.74% Amid Heavy Trading as Ripple Transfers Spark Bearish Signals Near $2 Mark

XRPUSDT experienced a 4.74% decline in the last 24 hours, attributed to significant bearish momentum as the price breached key support levels and encountered strong selling pressure, as indicated by a bearish engulfing pattern and heavy trading volume. Contributing factors include large-scale XRP transfers by Ripple, ongoing volatility around the $2.00 price mark, and technical indicators such as a "death cross" and oversold RSI readings suggesting potential short-term consolidation. The current price on Binance is $1.8914, with 24-hour trading volume reaching 114.62 million XRP (222.85 million USDT), reflecting active market participation and a market capitalization of approximately $121 billion.