XRP is crashing due to a combination of large-scale whale sell-offs, macroeconomic headwinds such as a stronger US dollar and rising Treasury yields, and automated liquidations triggered as key support levels broke. Major holders ("whales") sold over $1.5 billion worth of XRP in recent weeks, which caused a cascade of forced liquidations when stop-loss orders activated. This was compounded by a market-wide crypto downturn including Bitcoin and Ethereum, driven by risk-off sentiment globally. Additionally, the recent surprise US tariff announcements also intensified selling pressure. XRP's price plunged as much as 42% in a single day, hitting lows around $1.53-$1.64 before partially rebounding to about $2.36. Institutional futures open interest dropped $150 million as long positions were liquidated, further exacerbating the crash. Despite the turmoil, some signs indicate early stages of recovery as accumulation by long-term holders increases and forced liquidations ease.