XRP Slides Below $3 Amidst Market Losses, Liquidations Mount

XRP experienced a sharp decline on Monday, falling below $3 and reaching its lowest point since August 6. The token’s performance contributed to its ranking as the second-worst performer in the top ten cryptocurrencies by market capitalization. CoinGecko data shows XRP dropped over 4% within the past 24 hours, with only Solana posting a sharper decline of 5%. This drop follows a broader downturn in the cryptocurrency market. Bitcoin briefly hit an intraday high around $115,000 on Friday before stabilizing. This volatility led to a wave of liquidations across various crypto exchanges, as leveraged traders faced sudden price movements.