XRP price fell by 5% on April 24, trading at $2.16 amidst a market correction. Key factors behind this decline include the discovery of a backdoor vulnerability in the XRP Ledger’s JavaScript library, which was first reported on April 21. The XRP Ledger Foundation confirmed the incident, prompting concerns about the security of the code and potential attacks. Furthermore, a 6.7% drop in open interest over the past 24 hours has signaled waning investor confidence, resulting in over $11 million in long position liquidations. This has exacerbated selling pressure, as bullish traders are forced to liquidate positions at a loss. Despite these challenges, XRP's price remains above essential moving averages, suggesting a possible rebound. Analysts indicate that a close above $2.18 could lead to further gains, while a drop below $2.18 may push the price down to the $2.10 to $2.13 range, where key support levels exist. The market sentiment indicates potential for recovery, depending largely on upcoming price movements.

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