Ripple’s Fire Brigade can’t Stop XRP Burn
The ripple-based token faced high selling pressure amid the ongoing market correction in the crypto space. XRP users are left baffled as to how the price moderated, considering the significance of Ripple’s positive news intended to encourage liquidity.
The market’s reaction to this was very mild, with XRP experiencing a drop of 4 % in value following the announcement, during which the price fluctuated between $2.37 and $2.26, according to CoinMarketCap.
As an analyst with Nansen, Nicolai Sondergaard attributes this phenomenon to inaction, stating, “The resolution of the conflict was widely anticipated.” The trading market hints at this idea, suggesting that the news was already priced in. Several factors indicate that the markets were likely to react this way:
In July 2023, Judge Analisa Torres’s decision granted Ripple some success in the lawsuit, which clarified the legal ambiguities surrounding XRP. Ripple has also achieved several legal victories, which have shifted the balance of power away from the SEC. There has been a gradual increase in XRP’s value since early 2023, as exchanges anticipated positive news from the lawsuit.
Another contributing factor to XRP’s decline is the recent comments made by Trump regarding possible mutual tariffs, which is likely to create instability in the crypto market. President Trump’s remarks generate fear among investors, turning a bullish sentiment into a decline for XRP. Numerous trends have shown signs of decline, indicating that this price movement has resulted in a bearish shift for the altcoin.
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