This marks the first time that the token has plunged below the $2 mark since Dec. 20. CoinGlass data shows that nearly $10 million worth of XRP has been liquidated over the past 24 hours.
Finally, Bitcoin is also dragging the broader crypto market down with its lackluster performance. The flagship cryptocurrency is down nearly 15% from the record peak of more than $108,000 that was achieved earlier this month.
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