XRP Price Drops Below $2, Triggering Major Liquidation Cascade

The price of XRP has fallen below the critical $2 mark, sparking a significant liquidation cascade across cryptocurrency exchanges. This sharp decline led to the forced closure of numerous leveraged positions, amplifying selling pressure in the market. Analysts are monitoring key support levels as volatility increases. The event highlights the risks associated with high leverage during periods of market correction for digital assets like XRP.