XRP Price News: Plunges 5% as Bitcoin Falls Under $93,000

XRP fell sharply by 5% to around $2.18 following a significant drop in Bitcoin's price, which dropped below $93,000. The downturn in XRP was characterized by aggressive profit-taking after it had previously attempted to break the $2.30 ceiling. This resistance point has been confirmed by increased institutional volume. Overall, the broader cryptocurrency market is under pressure due to weak risk sentiment and prevailing technical trading patterns. The recent launch of the first U.S. spot XRP ETF generated a strong opening-day volume but failed to maintain upward momentum. Market conditions suggest a higher likelihood of further declines if XRP cannot stabilize above key support levels. The current trading environment remains volatile, with traders focusing on the $2.20 mark as crucial for the asset's future directional movements. Should XRP drop below $2.18, it could quickly decline towards $2.02–$1.98, while sustaining above $2.20 might prompt another challenge toward $2.30 to $2.40. ETF inflows have become a significant short-term catalyst for market position.

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