XRP Price Tests Critical $2.20 Support Level Despite $164M ETF Launch Failing to Prevent Market Liquidations

XRP is currently testing the crucial $2.20 support level as market pressure continues. The recent debut of a $164 million XRP ETF has failed to counterbalance significant market liquidations, creating uncertainty about the token's short-term price direction. Technical analysis indicates this pivot point could determine XRP's next major move, with traders closely monitoring whether the support will hold or break amid ongoing volatility in the cryptocurrency market.