XRP price experienced a significant drop of 8.24% in the past 24 hours, plummeting to $2.30 on November 3, 2025. The slide was triggered by market-wide liquidations, exacerbated by concerns about potential rate cuts from the Federal Reserve, which led to a decline across risk assets including Bitcoin and Ethereum. Over $1 billion in leveraged positions were liquidated across the market, with XRP bearing the brunt of this selling pressure. Blockchain data also revealed that a significant portion of Ripple’s escrowed XRP was unlocked on November 1st, fueling speculation about potential institutional transactions. While trading volume surged by 170% to reach $6.3 billion, reflecting rapid repositioning from traders, market sentiment appears to be shifting away from retail momentum after last week’s rally near $2.50. Analysts anticipate short-term corrections in the XRP price as volatility subsides and the expected ETF-related optimism returns later this month.