XRP Tumbles 3.7% as Ripple Sentiment Wanes
XRP, the native token of the Ripple network, fell to $2.08 after a 3.7% drop. This comes amid a combination of macroeconomic concerns and regulatory uncertainty, which continue to weigh on the asset. Although Ripple Labs recently scored several legal victories in its long-running dispute with the SEC, the wider market downturn has muted enthusiasm.
Some investors are also taking profits after XRP’s stellar rise earlier this year. Analysts remain split on its trajectory—while its fast, low-cost transaction capabilities make it ideal for cross-border payments, lingering regulatory pressure in key markets like the U.S. could stall its adoption in the short term.
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