Ripple Whale has collected about 1 billion VND after the cryptocurrency achieved massive profits yesterday. However, the momentum seems to have lost strength, as evidenced by the fact that the price of the asset is still declining. This change raises concerns about the price volatility of XRP, making the analysis of current trends and predicting what lies ahead for the cryptocurrency market crucial.
The recent decline of XRP may also be due to the ongoing case between Ripple and the SEC taking longer than expected to resolve. People were hopeful when Trump stated that XRP would be added to the U.S. Federal Reserve as an asset, but legal experts have dismissed the claim that this would expedite the resolution of the XRP lawsuit.