XRP experienced a dramatic downturn on May 28, plummeting to $1.2723 — a price point not witnessed since February. The sharp decline followed US military operations targeting an Iranian installation near the strategically important Strait of Hormuz, sending shockwaves through global financial markets and precipitating widespread cryptocurrency liquidations.

XRP (XRP) Plunges to $1.27 as Geopolitical Tensions Spark Massive Crypto Liquidations