Due to institutions selling off and forcing XRP to break through the $2.99 resistance level, XRP dropped nearly 4% in trading on Tuesday. Trading volume surged to almost seven times the daily average, confirming liquidation flow, with prices stabilizing only after hitting the $2.878 support level. Traders are now keeping an eye on whether the range between $2.85 and $2.87 can hold before the deadline for Ripple's bank license review.
