XRP fell sharply below the $2.00 level as a broad crypto market sell-off intensified.
The token was trading near $1.95, extending losses amid weakening risk sentiment across digital assets.
Total crypto market capitalisation declined to around $3.12 trillion, reinforcing a market-wide risk-off tone.
XRP broke down from a tight consolidation range near $2.04–$2.06, signalling a shift in short-term control to sellers.
Selling pressure accelerated after repeated attempts to reclaim resistance failed.
Trading volume spiked during the breakdown, reflecting aggressive unwinding of bullish positions.
Data showed XRP liquidations totalled roughly $40.57 million over 24 hours.
Long positions accounted for about $39.81 million of forced liquidations, while short liquidations remained minimal.
The most recent liquidation wave saw more than $250,000 wiped out within a single hour.
Analysts said the move aligned with broader macroeconomic and regulatory uncertainty.
Tensions rose after US President Donald Trump announced new tariff plans targeting several European countries.
Proposed tariffs of 10% could rise to 25% by June if no agreement is reached, adding to global market unease.
Domestic uncertainty increased after delays to US Senate discussions on crypto market structure legislation.
Coinbase withdrew support for the proposal, citing potential consumer harm if rushed.
Ripple chief executive Brad Garlinghouse warned that prolonged regulatory uncertainty continues to weigh on the sector.
Technical indicators pointed to extreme downside momentum for XRP.
The Relative Strength Index dropped to around 19.7, signalling deeply oversold conditions.
XRP is trading well below key moving averages, leaving resistance clustered around the $2.00–$2.04 zone.
Analysts said any recovery attempt would need to reclaim that area to ease bearish pressure.
At the time of reporting, XRP price was $1.96.