XRP has dropped below the $2.00 mark, trading at approximately $1.89, following significant outflows of $54.7 million on November 21. This marks one of the largest distribution days of 2025, as the cryptocurrency faces increased selling pressure. Technical indicators suggest further downside risk, with XRP now below key exponential moving averages (EMAs) and a descending trendline. Data from Coinglass indicates persistent outflows since early November, with sellers dominating the market. The 20, 50, 100, and 200-day EMAs are now acting as resistance, particularly the 200-day EMA near $2.56. A further decline below $1.85 could see XRP testing support levels between $1.72 and $1.65.