The XRP cryptocurrency has experienced a sharp decline, reaching a two-month low, due to bearish market conditions and widespread panic selling. Traders have faced significant liquidations, with long liquidations surging to $64 million in a single day. This has caused fear and uncertainty in the market and could hinder support for XRP in the Futures market. Realized profits from XRP holders have increased to $1.5 billion as investors secure profits amidst the price decline. This profit-taking has further added to downward pressure on XRP and slowed its recovery process. Some investors have moved to stable assets, but cautious optimism remains as traders wait for signs of stabilization before re-entering the market. XRP's price has fallen 17% in the past 24 hours, with significant volatility and uncertainty about its near-term future. The coin is currently hovering around the support level of $2.18, with resistance at $2.73. A breakout from this range will be crucial for determining XRP's next move, with a potential chance for recovery if it can reclaim $2.73 as support.



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