XRP Price Drops 5% to $2.47 as Bearish Pressure Breaks Critical Support Level

XRP cryptocurrency experienced a significant 5% price decline, falling to $2.47 as bearish market forces successfully breached a crucial support level. This technical breakdown suggests potential further downward movement for the digital asset as sellers dominate market sentiment. The breach of this key support level indicates weakening buyer defense and could trigger additional selling pressure in the near term. Traders are closely monitoring XRP's price action for potential entry points or further downside targets as market volatility continues to impact cryptocurrency valuations across the board.