The primary reasons for XRP's drop today include a combination of large-scale liquidations, whale sell-offs, and broader macroeconomic pressures such as a stronger U.S. dollar and rising Treasury yields. XRP experienced a rapid price decline, falling as much as 42% in one session, dropping from around $2.83 to a low near $1.64 before partially recovering to about $2.36. This collapse was driven largely by forced liquidations of leveraged futures positions as selling pressure intensified. Despite the drop, some whales have been accumulating XRP during the dip, suggesting the fall was more a derivatives- driven panic than spot selling. Additional market volatility was triggered by broader financial market turmoil, including President Trump's announcement of new tariffs on Chinese imports, sparking fears of a renewed trade war and causing widespread asset sell-offs across equities, commodities, and cryptocurrencies. XRP's short-term technical outlook also turned bearish, with key support levels breached and negative momentum indicators signaling increased selling pressure, contributing to the price decline. In summary, XRP's drop today is mainly caused by:

• Whale sell-offs and forced futures liquidations.
• Macroeconomic headwinds such as a stronger U.S. dollar and rising Treasury yields.
• Market panic triggered by geopolitical news (new tariffs announced by President Trump).
• Technical analysis showing bearish sentiment and breached support levels.

Despite the volatility, accumulation by whales and stable exchange balances point to potential recovery if buying interest returns and macro conditions stabilize.