XRP Slides 5.8% as Whale Moves 75M Tokens and Resistance at $2.00 Proves Challenging

XRPUSDT has declined by 5.80% in the last 24 hours, with the price falling from 1.9963 to 1.8805 amid heightened market volatility and notable whale activity, including a large transfer of 75 million XRP by Ripple to a wallet associated with Binance. The price drop is attributed to increased selling pressure following repeated failures to sustain levels above the key $2.00 resistance and broader bearish sentiment in the market, despite continued net inflows into spot XRP ETFs and rising network activity. Currently, XRP is trading at 1.8805 on Binance, with a robust 24-hour trading volume of 132.77 million XRP and a market capitalization of approximately $113.54 billion, ranking it among the largest cryptocurrencies by market size.