XRP, the native cryptocurrency of Ripple, has experienced significant volatility recently. Over the past week, its price has fallen by approximately 14.22%, and over the last month, it has decreased by about 29.46%. However, looking at the past year, XRP has shown a remarkable increase of 275.96%.
TRADINGVIEW.COM
As of March 2, 2025, XRP is trading at approximately $XRP XRP 2.27, with a 24-hour trading #volume of around $XRP 3.28 billion.
The recent downturn is attributed to a broader crypto market selloff, influenced by factors such as a high-profile hack affecting the Dubai-based platform Bybit, leading to the theft of $XRP 1.5 billion in digital assets, and investor concerns over global macroeconomic and geopolitical developments.
Technical analyses currently present a neutral outlook for XRP, with indicators neither strongly favoring buying nor selling positions.
