Derived from CryptoDnes, XRP has dropped below $2 for the first time in months amid a broader liquidity crisis in the crypto market. On-chain data shows over half of XRP in circulation is now held at a loss, with selling pressure capping any potential rebound. The decline is attributed to large-scale liquidity extraction from the market, rather than project-specific issues. US spot Bitcoin ETFs have also reversed course, with heavy redemptions forcing issuers to sell BTC, compounding the downturn. Short-term Bitcoin holders are also exiting positions at a loss, adding to the selling pressure. XRP's thinner liquidity and retail-heavy investor base make it more vulnerable to market stress, with the token now below both its 50-day and 200-day moving averages.
XRP Falls Below $2 Amid Crypto Liquidity Crisis
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