XRP Crashes to $2 as Market Volatility Deepens, Volume Spikes 92%

XRP has fallen sharply to $2.07 at the time of writing, marking a 34.1% loss over the past seven days as the broader crypto market faces intense selling pressure. The drop comes amid cascading liquidations totaling more than $5 billion across major exchanges, with Bitcoin slipping below $107,000 and Ethereum breaking under $4,000.

According to data, XRP's market cap dropped 28.2% to $120.3 billion, while 24-hour trading volume surged nearly 92% to $10.82 billion, indicating heightened volatility and large-scale position reshuffling. The token tumbled from the $3.00 range earlier in the week, erasing much of its September rally.

Despite the steep decline, analysts note that XRP continues to see institutional interest following recent ETF discussions and on-chain accumulation. Still, short-term traders are bracing for more downside unless XRP reclaims the $2.30--$2.40 zone, which previously served as key support.

If Bitcoin and Ethereum continue to weaken, XRP could retest $1.85, a critical level last visited during July's correction. However, strong inflows and exchange activity suggest that buyers may soon attempt to stabilize the price near the current level.