XRP sheds $11.6 billion in value as Upbit sell-off and doji near $1.50 raise risks

Over the past 24 hours, XRP has seen its market capitalization fall from $101 billion to $89.31 billion, wiping out about $11.6 billion in value as selling pressure intensified. During the same period, the token's price slid nearly 10% to around $1.46 after a large $50 million sell-off on South Korean exchange Upbit and the appearance of a gravestone doji candlestick near $1.50 that suggests potential further downside. Key levels now include resistance around $1.50 and immediate support near $1.40.