XRP Plummets 7.97%, Facing Crucial Support Challenge

XRP is experiencing a significant price drop, trading at approximately $2.04 after losing 7.97% in the last 24 hours. The coin reached a high of $2.21 and a low of $1.97 throughout the day. Bearish sentiment dominates the cryptocurrency market, prompting traders to reevaluate their positions. 2023 has been a tumultuous year for XRP, marked by volatility and challenging macroeconomic conditions. A confluence of factors, including recent US tariffs, has increased market volatility, putting XRP’s support levels under pressure.