The cryptocurrency market is experiencing a sharp correction, with XRP plummeting over 11% in the past day and breaking below its 200 EMA support at $1.19. Trading currently sits below $1.70, indicating a bearish reversal that raises concerns about a potential zero-decimal reduction – where the price significantly drops to a lower decimal threshold. This follows a significant sell-off across the cryptocurrency market, with over $1.33 billion in asset liquidations witnessed within the last 24 hours. The market downturn is attributed to escalating trade tensions between the U.S. and China due to recent tariff imposition, causing investors to exit riskier assets like cryptocurrency.