The price of XRP has fallen below $2 after a 7-year-old wallet sparked a massive $721 million selloff. The price of XRP has fallen below $2 to the price level last seen in April, as selling pressure builds in both the derivatives and spot markets. For context, Ripple recently received conditional approval from the Office of the Comptroller of the Currency (OCC), putting it in a regulatory position at the level of top financial institutions. At the same time, Swiss-regulated AMINA Bank launched Ripple's licensed payment product, enabling cross-border transfers in near real-time. Beyond banking, Ripple and its XRP ecosystem are expanding to other blockchain networks. The company's $1.3 billion RLUSD stablecoin has expanded support to major Ethereum Layer-2 networks, including Optimism, Base, and Kraken's Ink. At the same time, custodian Hex Trust is launching wXRP on Ethereum, Solana and HyperEVM, paving the way for XRP to enter the broader DeFi markets beyond its native transaction ledger.