The XRP market has seen a significant drop of 4% in the last seven days and over 2.9% in the last 24 hours. This drop is believed to be influenced by President Trump's increased tariffs on steel and aluminum imports, which has impacted the global business ecosystem. The XRP market has been declining since February 1, with a decline of nearly 15.02% in the first two days of the month. China's counter-tariffs on selected US goods further contributed to the market's decline, with a total decline of 23.41% between February 1 and 6. The current price of XRP is $2.4145, with a 2.9% decline in the last 24 hours. The market's indicators, such as the 14-day RSI, RVI, ATR, and stock indicator, suggest a bearish sentiment.
Content Editor ( coinpedia.org )
- 2025-02-12
Why XRP Price is Dropping Today: Will inflation data release today help it recover?
