📉 XRP Exposed to Deeper Correction After Realized Price Break
XRP, the native cryptocurrency of the
$XRP Ledger, witnessed a massive sell-off of over 20% on Thursday, to currently trade at $1.88. The selling pressure was initiated with recent comment from Treasury Secretary Scott Bessent as he clarified that he does not have the authority to bailout crypto. However, the bearish momentum accelerated as Bitcoin lost $70,000 floor and the derivative market witnessed cascading liquidation.
Realized Price Breakdown Highlights Rising Risk in XRP Market
The cryptocurrency market is currently endurin