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<a href="https://bitcoinworld.co.in/ripple-xrp-price-dropped-by-17-daily-when-will-the-crash-stop/" title="Ripple (XRP) Price Dropped By 17% Daily: When Will The Crash Stop?" rel="nofollow"></a>
Ripple XRP’s price dropped 24% weekly and 17% in 24 hours, with analysts still optimistic about a potential recovery. 
Speculation around the Ripple-SEC lawsuit resolution could have been one reason pushing XRP to $0.66 last week, but the legal battle continues with no settlement yet. 
<h3 id="span-style-font-weight-400-what-s-next-for-xrp-span">What’s Next for XRP?</h3> 
The last couple of days have been devastating for Ripple’s XRP, the price of which plummeted by 24% weekly and 17% on a 24-hour scale.&nbsp; 
Currently, it is worth around $0.44 per CoinStats’ <a href="https://coinstats.app/coins/ripple/">data</a>, the lowest level recorded in nearly a month. 
<figure id="attachment_78714" aria-describedby="caption-attachment-78714" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class=" wp-image-78714" src="http://bitcoinworld.co.in/wp-content/uploads/XRP-Price-Chart-22-483x300.png" alt="" width="604" height="375" srcset="https://bitcoinworld.co.in/wp-content/uploads/XRP-Price-Chart-22-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/XRP-Price-Chart-22.png 760w" sizes="(max-width: 604px) 100vw, 604px">
 <figcaption id="caption-attachment-78714" class="wp-caption-text">
 XRP Price Chart | Source: CoinStats
 </figcaption>
</figure> 
&nbsp; 
The asset’s poor performance coincides with an overall market crash. Bitcoin (BTC) briefly slipped below $50,000 (for the first time since February), while Ethereum (ETH) fell by a whopping 23% daily and is now hovering around $2,200.&nbsp; 
Despite the gruesome reality, some analysts remain optimistic that XRP could soon return to the green track. The X user CrediBULL Crypto depicted the $0.39-$0.48 range as an important “target zone,” following which the token’s price may head north.&nbsp; 
Moon Lambo chipped in, too, arguing that XRP’s substantial plunge is “not the end of the world” but “an opportunity.”&nbsp; 
Another trader giving their two cents was Cryptoinsightuk. The enthusiast described the decline as “a good first step” that causes interest and “sees a reactionary bounce.” 
“I would like to see us move a bit further into the box, I’ll be looking for a slow down, increase in volume (people accumulating) and then bullish divergences before an impulsive next leg… If I am right of course. I may not be,” the analyst added. 
<h3 id="span-style-font-weight-400-what-can-fix-the-situation-span">What Can Fix the Situation?</h3> 
Less than a week ago, XRP’s price hit a four-month high of almost $0.66 amid increased rumors that the lawsuit between Ripple and the US SEC is drawing to an end.&nbsp; 
American attorney Fred Rispoli previously predicted that the case could conclude on July 31, while some industry participants speculated that the regulator might discuss a possible settlement during its closed-door meeting last month.&nbsp; 
However, the legal battle is still ongoing, and there have been no announcements indicating that its resolution is any step closer.&nbsp; 
According to some, <a href="https://bitcoinworld.co.in/xrp-price-plunge-as-ripple-locks-away-800-million-tokens-in-escrow/">Ripple</a> has the upper hand after securing three vital (yet partial) court victories throughout 2023.&nbsp; 
The first occurred in July when Judge Torres ruled that Ripple’s programmatic sales to secondary trading platforms do not constitute offers of investment contracts.&nbsp; 
This resulted in a massive bull run for XRP, whose price shot up by over 70% in a matter of hours. 
That said, a decisive win for Ripple may be followed by another rally for the coin.

Ripple (XRP) Price Dropped By 17% Daily: When Will The Crash Stop?

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