#MileiMemeCoinControversy MileiMemeCoinControversy On February 17, 2025, the value of Ripple (XRP) fell by 3.24% to $2,987.

The decline was attributed to a number of factors, most notably recent political developments, such as the announcement by Argentine President Javier Milei of a new cryptocurrency that raised concerns about its potential for fraud, leading to a decline in investor confidence in the cryptocurrency market.

Technically, XRP is facing resistance at $2.50, with strong support at $2.36. The Relative Strength Index (RSI) is showing a neutral reading of 52, indicating a balance between buying and selling forces.

Looking ahead, some analysts expect XRP to hit $3.35 in the near term, especially if the coin manages to break above current resistance levels.