XRP Plummets 5%: Why the Crypto Coin’s Price is Cratering

Ripple (XRP), the fourth-largest cryptocurrency by market cap, experienced a sharp drop to $2.0340 on Monday, its lowest point since November 23rd. The price has plummeted 45% from its high for the year, reflecting a wider sell-off in the crypto market. Bull liquidations also played a role, surging to over $16 million. XRP’s decline mirrors broader bearish sentiment across the industry, triggered by a recent downturn in investor confidence.