XRP bulls lose $70 million as Ripple token plunges 7%.

Reported by Bijie Network: XRP price experienced a significant drop, falling from $1.88 to $1.75, a decrease of approximately 6.7%. The cryptocurrency market saw widespread sell-offs, triggering over $70 million in futures liquidations, most of which came from long positions. This decline led to the loss of the key support level near $1.79, with massive trading volume, and the price once dropped to an intraday low near $1.74 before stabilizing within a narrow range. Traders currently regard the $1.74 to $1.75 range as a key support level, while the previous support area around $1.79 to $1.82 has now turned into a new resistance level.