XRP Price News: Ripple Plunges 8% as Bitcoin Falls Under $107,000

XRP plunged nearly 8% as institutional selling intensified, breaching the critical $2.46 support level. The broader cryptocurrency market reacted negatively to hawkish signals from the Federal Reserve, despite improved trade prospects between the U.S. and China. XRP's price dropped from $2.65 to $2.48 due to aggressive selling pressure, marking a significant breakdown in support levels and indicating a confirmed bear setup. The volume during this decline peaked at approximately 392.6 million tokens, nearly 400% of the daily average, highlighting the intensity of the selling. Technical analysis reveals a bearish breakdown, with current resistance levels around $2.46-$2.50 and potential downside targets of $2.30-$2.40 if support fails to hold. Traders are advised to be cautious and monitor whale flows and futures open interest, as the structural risks suggest continued weakness until meaningful support is established.

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