The post Why is XRP Price Dropping? appeared first on Coinpedia Fintech News
The XRP price has dropped below $2 for the first time in over 12 weeks. In the last 24 hours alone, XRP slipped by 2% to $1.99, sparking concerns among investors and XRP enthusiasts.
This 2.18% decline yesterday adds to a 7.93% drop since June 19, when XRP was priced at $2.17. At one point, XRP even touched $1.90, raising fears of a deeper correction.
But experts suggest the problem isn’t with XRP itself.
Why Did XRP Drop This Week?
Analysts believe the XRP price fall isn’t about weak fundamentals but rather a result of broader market-wide pressure.
According to Versan Aljarrah, co-founder of Black Swan Capitalist, the recent drop reflects overall market volatility, not a failure in XRP’s utility or use case.
“XRP is simply following broader market sentiment,” he explained.
Geopolitical Tensions Rock the Crypto Market
The global crypto market is currently bearish. Over the last 24 hour
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