Coin

<ul class="news-points">
 <li>SEC’s remedies brief impacts Ripple’s XRP, prompting a price drop to $0.5217.</li>
 <li>XRP market cap drops to $28.87B as trading volume plunges 36.7% amid bearish trends.</li>
 <li>Technical charts indicate continued bearish momentum and potential further declines.</li>
</ul>
In the preceding 24 hours, the cryptocurrency landscape has endured a notable slump, contracting by over 1.5% to establish a market valuation of $2.3 trillion. This dip has particularly taken its toll on Ripple’s XRP token, which hovers precariously near the $0.52 threshold. As of press time, XRP is trading at $0.5217, marking a 2.99% reduction from its previous day’s valuation.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/Voal-4rBlSp2AdL7lM1ylixTmZKFryTkIu6U9KvsXFvQeYXy9-ThXNv_9FZWyZneP3LV-aMltwkQnMdxKW5DqGwiQRVz2Omf3qVdukJYEABM9ETNHCH1wBLLyrwmipUIVTGQo7soYcFd4Vjjrt5kvhk" alt="">
</figure>
XRP/USD 1-Day Chart (Source: <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>)
The downturn extends beyond XRP’s price to affect its overall market performance. In relation to Bitcoin, XRP has diminished by 1.65% over this same stretch of time. Further insights into XRP’s market behavior reveal a significant contraction in trading activities.&nbsp;
XRP’s intraday market cap has fallen by 2.56%, landing at $28,866,077,273. More dramatically, its 24-hour trading volume has plummeted by 36.70%, reaching just $1,165,822,641. These figures suggest a withdrawal of investor eng…
The post <a href="https://coinedition.com/ripples-xrp-plunges-as-sec-brief-stokes-legal-woes/" rel="noopener noreferrer nofollow">Ripple’s XRP Plunges as SEC Brief Stokes Legal Woes</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Ripple’s XRP Plunges as SEC Brief Stokes Legal Woes

Coin Edition

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