Reported 8 days ago
XRP, created by Ripple to enhance cross-border payments, has dropped over 40% from its 52-week high to below $2 amid concerns over tariffs and a negative market shift. While XRP experienced a significant surge in 2024 due to favorable regulatory prospects after Trump's election, its future looks uncertain as banks can utilize Ripple's payment network without necessarily relying on XRP. The ongoing regulatory scrutiny, particularly from the SEC, remains a critical factor influencing investor sentiment and XRP’s price trajectory. Analysts suggest a cautious approach to investing in XRP at this time.
Source: YAHOO