Dawood Afridi991
Open Trade
LINK Holder
High-Frequency Trader
3.6 Years
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As of February 6, 2025, #XRP is trading at $2.35, experiencing a 6% decline from the previous close.
This downturn is part of a broader market reaction to recent economic developments, including the announcement of new tariffs by President Donald Trump. While Bitcoin has shown resilience, recovering from earlier losses, XRP and other altcoins like Ether and Solana have not fully rebounded. 
Additionally, XRP’s perpetual funding rates remain negative, indicating a bearish sentiment among traders. 
In regulatory news, the reassignment of the SEC’s Chief Litigation Counsel, Jorge Tenreiro, has sparked speculation about potential shifts in the SEC’s approach to ongoing cases involving XRP. 
Overall, XRP is facing challenges due to market reactions to economic policies and ongoing regulatory uncertainties.
This downturn is part of a broader market reaction to recent economic developments, including the announcement of new tariffs by President Donald Trump. While Bitcoin has shown resilience, recovering from earlier losses, XRP and other altcoins like Ether and Solana have not fully rebounded. 
Additionally, XRP’s perpetual funding rates remain negative, indicating a bearish sentiment among traders. 
In regulatory news, the reassignment of the SEC’s Chief Litigation Counsel, Jorge Tenreiro, has sparked speculation about potential shifts in the SEC’s approach to ongoing cases involving XRP. 
Overall, XRP is facing challenges due to market reactions to economic policies and ongoing regulatory uncertainties.
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