XRP Drops 10% Amid $40 Million Liquidation Event

XRP has dropped 10%, with reports indicating a $40 million (approximately 54.4 billion KRW) liquidation event. AMBCrypto reported that XRP's price adjustment followed delays in the Claritas bill, and the liquidation volume in derivatives markets was recorded at $40 million. AMBCrypto also noted that on-chain activity remains strong, maintaining a bullish outlook.