CandleFocus Why Did Ripple’s (XRP) Price Crash by 18% in 36 Hours?
2024-12-18
Author: Content Editor
XRP experienced a surge in price leading up to the launch of its stablecoin, reaching a peak of $2.73. However, the price quickly retraced and dropped to $2.23, possibly due to the overall market drop and a "sell-the-news" reaction. Furthermore, experts believe that Ripple may have to wait for approval for an XRP ETF, as other projects like Litecoin and Hedera may be greenlighted first. This delay could be related to Ripple's ongoing legal issues with the SEC.
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