XRP Price Drops 7%: Key $1.79 Support Level Fails Amid Heavy Selling

The price of XRP has experienced a significant decline, falling approximately 7% following a wave of intense selling pressure. This downward move proved critical as it led to a breach of a major support level that was previously holding around $1.79. The breakdown of this key technical threshold suggests a shift in market sentiment and could signal further potential downside if buyers fail to regain control. Traders are now closely monitoring the next levels of support to gauge where the selling pressure might subside. This price action highlights the ongoing volatility within the cryptocurrency market, where rapid shifts can occur based on trading momentum and key technical breaks.