Why did XRP drop today?
Why did XRP's price drop today?
To put it simply, the drop in XRP today is mainly due to the political instability in South Korea, combined with the fact that it had risen too sharply before, making it a bit overheated, so the price is a bit unstable in the short term.
You see, whenever there is political turmoil in South Korea, the price of XRP tends to drop.
This month, XRP's price has increased by more than 400%, but as soon as South Korean President Yoon Suk-yeol announced martial law, the remittance token's price immediately dropped by 8%.
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