XRP, the cryptocurrency associated with Ripple, experienced a sharp drop in price following an interview with Ripple Labs' CEO, Brad Garlinghouse, on the program 60 Minutes. Garlinghouse expressed his dissatisfaction with how the interview was edited, as it failed to mention XRP's status as not being a security, as confirmed by a federal judge. He also criticized the program for implying that XRP has no utility when Ripple Labs handles billions of dollars in transactions for institutional customers. Despite the drop in price, XRP remains above a key resistance level and is still performing strongly compared to other cryptocurrencies. Investors are hopeful for a more crypto-friendly stance from the Securities and Exchange Commission and the potential approval of an XRP ETF in the future.



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