XRP plunges below $3 erasing billions overnight
XRP price plunged below the critical $3 threshold early Friday as the broader cryptocurrency market reacted sharply to U.S. President Donald Trump’s newly imposed tariffs on multiple countries, sparking fears of escalating global economic tensions. The sell-off, which also rattled equities, combined macroeconomic uncertainty with profit-taking after XRP’s recent highs. In particular, the token fell from an intraday peak of $3.16 to a low of $2.92, wiping out more than $13 billion in market value as its capitalization dropped from $186.6 billion to $173.3 billion in just hours. XRP market cap. Source: CoinMarketCap The breach of the $3 mark was a technically significant event. Psychological levels like $3 tend to act as magnets for liquidity. Once broken, they can accelerate momentum-driven selling, especially in a macro-driven sell-off like this. 24 hour volume ($8.1 billion up nearly 24%) shows that the sell-off wasn’t a quiet drift, it was high-volume, panic-driv...