XRP Plummets Below $2 Amidst Broader Crypto Selloff

The cryptocurrency’s value plunged by over 33% this week, wiping out gains from its recent rally and bringing its market capitalization to approximately $120.9 billion, according to CoinMarketCap data. XRP briefly dipped below the $2 mark before recovering slightly as traders rushed to capitalize on the dip. A surge in trading volume, exceeding $10.8 billion across exchanges, further highlights the intense volatility and potential for large-scale liquidations.