Ripple’s XRP Price Plummets: Market Correction or Whale Sell-Off?

Ripple’s native token, XRP, experienced a significant drop of nearly 9% today, plunging below $2.30 as the cryptocurrency market witnessed a broader correction. Trading volumes have surged to over $7 billion on exchanges, suggesting growing interest in XRP even with the launch of the first US-based spot XRP ETF. The fund boasts full exposure to XRP and broke SOL’s record for trading volume on its launch day.