Recent updates on $XRP show a significant impact on its value due to mass sales that occurred last week, resulting in a drop from $0.6 to $0.4. However, with the market stabilization, the cryptocurrency managed to recover, reaching the $0.5 mark again - a support level that had already been tested in February.
An analysis of price history reveals that the value of XRP fluctuates in response to developments in the court case. With the start of mutual defenses scheduled for next week, possible volatility in XRP prices is expected, depending on the intensity of events.
Currently, XRP has a market capitalization of 27 billion dollars, positioning itself as the seventh largest cryptocurrency in terms of capitalization.
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