The price of XRP, the cryptocurrency tied to Ripple, dropped nearly 8% to $2.36, marking the steepest decline in two months. The drop was attributed in part to Ripple CEO Brad Garlinghouse's recent interview on CBS's 60 Minutes, which did not mention a Federal Judge's ruling that XRP is not a security. The omission disappointed investors and led to a sell-off, exacerbated by $14.5 million worth of liquidated long positions on XRP. This contributed to a broader $358 million sell-off in the crypto market. XRP's market capitalization also dropped below $136 billion, pushing it behind Tether (USDT) in the rankings. Profit-taking, a shift in attention to Bitcoin and Ethereum, and the breaking of key support levels have further contributed to the bearish sentiment. However, analysts believe that if XRP can break above $3, it could rally toward $5 in the long term.



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