XRP Plummets 78%, Driven by Market Chaos and ETF Buzz

The cryptocurrency XRP experienced a dramatic price drop, shedding a staggering 78% of its value. This extreme volatility was triggered by $19.6 billion in liquidations across the market, signaling one of the largest events for XRP. Market participants are closely analyzing technical charts and news related to the potential approval of spot XRP ETFs from major firms like Bitwise, Franklin Templeton, 21Shares, WisdomTree, Grayscale, and Canary. These developments have amplified price fluctuations and highlight growing institutional interest in the coin.