XRP Plunges 7%, Triggered by Institutional Exodus

The XRP cryptocurrency experienced a sharp decline, falling 7% to $2.05 as institutional selling overwhelmed market support and sent the digital asset back into November’s correction territory. This dramatic breakdown shattered a critical technical level that had held for weeks, sparking fears of further declines. 7 days of sideways consolidation preceded this downward move, dragging XRP towards its multi-month support zone. 666.6 million in ETF inflows contributed to this month’s growth despite the recent sell-off. Institutional selling outpaced whale accumulation and shrinking exchange supply, highlighting a significant shift in market dynamics.