XRP is once again in the spotlight for all the wrong reasons.
At the time of publication, the token was trading at $2.96, down over 5% in the past 24 hours and more than 9% in the past week, extending a decline from recent highs of $3.31. This retreat comes despite Ripple’s much-publicized legal victory earlier in August, underscoring just how quickly sentiment has soured.
During the same period, XRP’s market capitalization has shed nearly $20 billion, falling from $196 billion to $176 billion. Interestingly, the drawdown has coincided with a spike in trading activity, as 24-hour volume surged 69.97% to $6.37 billion, suggesting heightened speculative flows and possible distribution.
XRP 1-week market cap. Source: CoinMarketCap
XRP supply pressures intensify
Fueling fresh anxiety among investors is a series of large token transfers linked to Ripple co-founder Chris Larsen. Since July 17, wallets attributed to Larsen have moved roughly 50 million XRP (over $140 millio
We współpracy z: https://finbold.com/xrp-could-crash-to-2-warns-crypto-analyst/
