XRP Falls Below $2 After Ripple Transfers 500 Million Tokens

XRP dropped below $2 following Ripple's transfer of 500 million tokens as part of its monthly escrow operations. The cryptocurrency declined from the mid-$2.20s to the upper-$1.90s as Ripple moved 1.2 billion XRP through its system. The price movement coincided with the company's routine token management activities, which involved multiple large-scale transfers.