Investing & Markets

Altcoin Selloff Hits XRP: Lawsuit No Longer Key Factor

Altcoin Selloff Hits XRP: Lawsuit No Longer Key Factor

The cryptocurrency market is once again testing the resilience of investors, and XRP, despite recent positive developments, finds itself caught in a significant downturn. After weeks of cautious optimism, the digital token has regrettably slipped below the critical $3 mark, causing widespread frustration among its dedicated community. This recent price action places XRP conspicuously behind the broader market trends, highlighting a divergence that analysts are now scrutinizing closely. At the time of this report, XRP is trading near $2.90, marking a decline of over 4% within a 24-hour period, and its market capitalization hovers around $173 billion, reflecting a substantial loss in value. The current predicament is particularly perplexing given a series of seemingly bullish catalysts. The recent launch of a historic U.S. spot XRP Exchange Traded Fund (ETF) was widely anticipated to inject new institutional capital and provide a significant upward push. Furthermore, Ripple's continu…

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