Why is XRP price down today?

XRP price is down 7.50% today, and bulls need to hold the important support level at $2.00 to avoid a deeper correction toward $1.11.

XRP (XRP) mirrors the bearishness in the cryptocurrency market on March 11, with its price down approximately 7.50% in the last 24 hours to $2.08. At its intraday low, it was trading for $1.90.

XRP/USD daily price chart. Source: TradingView

Key catalysts driving the XRP prices lower today, include:

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