XRP price has plummeted over 10%, reaching a low of $2.30.
The broader crypto market, including Bitcoin, is also facing a sharp downturn.
The crash can be attributed to the overall crypto market turmoil, Federal Reserve's aggressive stance, stock market downturn, and the recent Bybit hack.
If selling pressure continues, XRP may drop to critical support levels of $2.00, $1.50, or even $1.00, depending on Bitcoin's movement.