XRP Plunges 30% Overnight, Breaks Key $2.15 Support on Volume Surge
XRP recorded one of its sharpest short-term declines of the year, plunging roughly 30% overnight and breaching the lower boundary of its descending channel. The token tore through the $2.15–$2.20 support band on a marked increase in trading volume, which appears to have cleared out liquidity and triggered a rapid sell-off before buyers stepped back in and pushed prices partially back toward the channel.
The move matters because the break below a known support zone and the surge in volume raise the odds of a liquidation cascade or follow-through selling in the near term. Traders will be watching whether XRP can reclaim the channel with sustained volume or if the drop sets up a lower trading range; until volume and price action confirm a reversal, downside risk remains elevated despite the intraday bounce.