🚨 XRP: From Rallies to Declines — What’s Happening?
Despite the positive news regarding the end of the legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC), XRP has seen a significant decline in its value.
- *📉 Price Drop*: After reaching $2.6, XRP decreased by 20% and is currently trading below $2.
- *📊 Weak Performance*: XRP is considered one of the worst-performing cryptocurrencies among the top 20, having declined by 14.5% over the week, compared to Bitcoin (-5.5%) and Ethereum (-11.6%).
- *🐋 Whale Activity*: 1.12 billion XRP were sold within 48 hours, increasing selling pressure on the currency.