XRP Still Double Pre-Election Price Despite Sharp Market Drop

• XRP dropped over 20% after breaking key support, with trading volumes surging sharply.
• XRP erased post-election gains but remains well above pre-election levels.
• Despite price declines, the XRP ecosystem and institutional initiatives continue to expand globally.

Bitcoin dropped to around $60,000, its lowest level since the U.S. election period, as heavy outflows from exchange-traded funds and broad market selling pushed cryptocurrency prices sharply lower.

Data shows U.S. spot Bitcoin ETFs recorded roughly $434 million in outflows, led by BlackRock’s IBIT fund, which alone saw about $175 million withdrawn. Spot Ethereum ETFs also lost roughly $80 million, adding to downward pressure across the digital-asset market.

The declines erased much of the rally that followed the election, with several major cryptocurrencies falling back to levels seen before the surge.…

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