XRP Plummets Below $3: Macro Pressures Fuel Sharp Decline

Ripple’s XRP experienced a significant drop below the $3 mark in the last 24 hours, driven by a confluence of factors including macroeconomic pressures, thin liquidity, and leveraged derivatives. Analysis from XRPgenerationale on X points to this downturn aligning with market data trends: a firm U.S. dollar and rising interest rates fueled risk aversion, while whale transactions on exchanges amplified vulnerability during trading sessions. [Read more about the ripple effect in our analysis here.]