XRP fell below $2.00 for the sixth consecutive day amid waning institutional interest and a broad cryptocurrency market sell-off.
XRP extended its decline for the sixth straight day on Wednesday, falling below the critical $2.00 support level. Market data shows the cryptocurrency dropped to $1.85, its lowest since January 1, reflecting a 23% fall from its yearly peak. The downturn is attributed to reduced institutional demand and a sector-wide sell-off.