The decline in XRP targets a Ripple-linked token at $2.20.

XRP experienced a decline of 7.5% by breaking important support levels. This situation has led to a significant increase in trading volume and liquidations in the markets.

During the sell-off, trading volume surged more than 84% above the daily average, highlighting the impact of institutional investors in this process.

Although a short-term bounce occurred, XRP is still under bearish control. Currently, the critical support level stands at $2.20.