XRP Market Cap Slips Under $110B as a Long Squeeze Triggers Heavy Selling

The market capitalization of XRP has fallen below $110 billion, driven by a significant long squeeze that has triggered a wave of heavy selling among investors. This unexpected decline in value reflects increased pressure on long positions, leading many traders to rapidly sell off their holdings to minimize potential losses. As a result, the overall market sentiment surrounding XRP has turned bearish, prompting further declines and contributing to the downward trajectory of its market cap. source: https://blocknews.com/xrp-market-cap-slips-under-110b-as-a-long-squeeze-triggers-heavy-selling/