The cryptocurrency market continues to be volatile, impacting XRP’s price as well. The total crypto market cap has dropped by 3.81%, currently standing at $3.3 trillion. This decline was fueled by significant trader liquidations totaling $712.76 million, with long positions accounting for $644.84 million of that amount. 29.68 million in XRP saw a significant outflow of $29.26 million from longs and only $419.93k from shorts. This suggests overleveraged bullish bets resulting in panic selling and downward pressure on the price. 330 million XRP was moved off exchanges today, May 30th, by whales. These transactions suggest that some whales are potentially moving assets to cold storage or alternative platforms. While this is often seen as a bullish signal for the long term, the current market uncertainty may also contribute to precautionary withdrawals from centralized exchanges. A reduction in supply on exchanges could ease selling pressure, potentially aiding price recovery. 24-hour trading volume for XRP surged to $3.49 billion, up 32.74%, likely fueled by the large liquidations, with a current price of $2.19 – a 4.38% drop in 24 hours. The resistance level at $2.26 could provide support if bulls manage to reclaim it, potentially pushing prices toward the $2.40-$2.50 range. However, continued rejection at this resistance may push the price back to the key support zone at $2.0145.