After surging to a peak of $3.45 on July 23, XRP suffered a swift 10.14% collapse to $3.10 by July 24, wiping out weeks of gains and liquidating millions in long positions amid profit‑taking and market jitters CoinDeskCoinDesk. This dramatic “pump‑and‑dump” episode left even seasoned traders dazed, as the token traded in an 8% intraday range before capitulating, underscoring the brutal volatility that continues to sweep through the altcoin sector and erode investor confidence.
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