why did xrp drop

XRP's recent price drop was largely due to a combination of large-scale liquidations by whale investors, a significant decrease in institutional futures open interest, and broader market volatility influenced by geopolitical events such as the U.S. imposing 100% tariffs on Chinese imports. These factors triggered panic selling and a cascade of stop-loss orders, pushing XRP down as much as 42% in one day before it partially recovered. The crash wiped out over $700 million in futures liquidations, with a major portion coming from long positions. Additionally, technical analysis showed bearish momentum, and concerns around regulatory uncertainty and weakening market sentiment contributed to the sharp decline. Despite the fall, some long-term holders appear to be accumulating, indicating cautious confidence in XRP's fundamentals amid short-term turbulence.