XRP slides below $2 as 7-year-old wallet realizes $721.5M profit and leverage, liquidity shrink

XRP has dropped under $2 to around $1.87, with its price down roughly 6% in a day and about 17% over a recent institutional inflow streak. A nearly seven-year-old wallet that accumulated XRP near $0.40 realized more than $721.5 million in profit around the $2 level on Dec. 11, amid falling leverage on Binance and a sharp decline in XRP futures buying volume.