#MarketSentimentWatch The price of XRP rose to $0.91,$ on February 8, but was unable to maintain its gains, falling to $0.63,$ on February 24 as financial markets fell sharply following Russia’s invasion of Ukraine. On March 28, the price of XRP rose to $0.9081, but was unable to maintain that level and trended downward to $0.56 on May 8. Following the failure of Terra’s cryptocurrency tokens UST and LUNA, the price fell to $0.3852,$ on May 12, 2022. In July, the price of XRP rose three times before falling again. On July 30, XRP hit $0.40 for the first time since June 10. However, it failed to hold there and fell back to $0.37 in the first week of August. However, it was still higher than $0.31 in early July. Jed McCaleb, the co-founder of XRP who left in 2013 to start the Stellar cryptocurrency, sold the last of his nine billion XRP tokens, according to Ripple Labs, which announced the news in July. McCaleb was one of the largest individual holders of XRP. Therefore, the news that it will no longer put XRP on the market may have some stabilizing effects. Despite the announcement, the cryptocurrency was unable to rise above $0.40 that month.