XRP crashes below $2 as large holders dump 190M tokens in 48 hours
XRP has faced a sharp downturn this week, dropping below the key $2 mark. The cryptocurrency recorded a daily loss of 3.2% and a steeper weekly decline of 16.63%. Many investors now find themselves in the red as market sentiment weakens.
The recent slump has seen large holders cutting their positions. In just 48 hours, they offloaded 190 million XRP, adding to the downward pressure. At the same time, activity on the XRP Ledger has collapsed, with daily active addresses falling by 91% since mid-June.
The cryptocurrency now trades under $2, leaving many holders at a loss. While technical signals hint at a possible rebound, the sharp drop in network activity and large transactions reflects weakening confidence. The coming days will show whether the buy signals translate into a sustained recovery.
