The technical situation for XRP<\/a> has become critical in recent hours. The Ripple token is experiencing a massive correction<\/strong>, now displaying a staggering 69% drop from its peak of $3.66. This bearish movement has led to the brutal breakdown of the support<\/strong> at $2, a level that had previously served as a psychological stronghold for the bulls.<\/p>\n\n\n\n Currently, the price is testing a crucial demand zone<\/strong> on higher timeframes, around the $1.34 level. If buyers fail to defend this level, the market structure could shift into a long-term bearish<\/strong> scenario. XRP’s inability to maintain its recent gains is concerning analysts, who are now monitoring volumes to detect potential signs of seller exhaustion.<\/p>\n\n\n\n Beyond price action, on-chain<\/strong> data reveals the extent of the panic. According to the latest analysis from Santiment, the Ripple<\/a> network has just recorded its largest peak of realized losses since November 2022. In a single week, more than $1.93 billion<\/strong> in losses have been realized by holders.<\/p>\n\n\n\nMassive Capitulation: $1.93 Billion in Realized Losses<\/h2>\n\n\n\n