#xrp

Here are the main reasons for the recent drop in XRP:

Market-Wide Downturn: A broader crypto market correction and drop in Bitcoin pulled altcoins down with it.

Mass Long Liquidations: Sudden price rejections triggered a wave of forced liquidations in leveraged long positions.

Slowing Institutional Demand: A temporary cooling off in net inflows for XRP Spot ETFs.

Technical Rejection: Failure to break key resistance levels pushed short-term traders to sell, breaking important support lines.