$XRP has recently experienced a notable decline, with its price currently around $2.10, reflecting a 2.7% drop over the past 24 hours. A couple of factors contribute to this downturn:
1. Macroeconomic Pressures:
Broader economic factors, such as the imposition of sweeping tariffs by the U.S. government, have led to increased market uncertainty. These developments have prompted investors to move away from riskier assets like cryptocurrencies, including XRP.
2. Security Vulnerabilities:
A backdoor vulnerability was recently discovered in the XRP Ledger's JavaScript library, raising security concerns among investors. Such issues can undermine confidence and contribute to price declines.