XRP Drops 6% as Global Economic Tensions Trigger High-Volume Selloff

XRP experienced a significant overnight decline of over 6%, falling from $2.305 to $2.163, amidst global economic uncertainties and a U.S. court ruling impacting investor confidence. However, positive developments emerged as VivoPower announced a $121 million XRP-focused treasury reserve, and Webus International is raising up to $300 million for a strategic XRP reserve, hinting at increasing institutional interest. As XRP fights to stabilize, it faces critical support at $2.16 and resistance at $2.23, with potential for further decline if it fails to hold $2.31. Traders are anticipating ongoing volatility in the market. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: CoinDesk