The XRP ($2.01) price has dropped below the $2.00 psychological level, revisiting levels last seen during the October 10 crash.
In comes amid a broader bearish sentiment in the crypto market, that saw the Bitcoin price fall below the $87,000 level and $220 million longs blown out of the water within the hour.
XRP Price Retests June Lows As it Falls Below $2
As of this writing, the powering token for the Ripple ecosystem was trading at $1.98, down 2.5% in the last 24 hours and nearly 16% in the last week.
XRP Price Performance. Source: TradingViewThe drop came as Bitcoin pulled the broader crypto market down after slipping below $87,000 and blowing over $220 million worth of long positions out of the water in an hour.
Surprisingly, the drop came while the Ripple community was still in the XRP ETF frenzy, following Bitwise Invest’s recent move to launch the financial instrument.
In fact, Ripple CEO Brad Garlinghouse had only hours ago called the “pre-thanksgiving rush” for the XRP ETF as the financial instrument first hit the NYSE.
The post XRP Price Falls Below $2 on Day #1 of XRP ETF appeared first on BeInCrypto.
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