The cryptocurrency market has been experiencing significant fluctuations in recent times, with several prominent players feeling the heat. Ripple's XRP, for instance, has seen its price plummet by approximately 63% from its record high of $3.66 in July.
This decline can be attributed to a combination of factors, including weak ETF flows and retail demand. The remittance token is currently trading above support at $1.35, but its upside appears limited by key supply zones.