📰 Ripple's Price Drop Despite Positive XRP ETF News 📰

Lately, $XRP has been facing a downturn in the market, despite recent milestones like hitting $0.65 a few days ago. 📉

One factor behind the decline is escalating tensions in the Middle East, causing investors to pull away from riskier assets like cryptocurrencies. This global uncertainty is keeping traders cautious, despite recent promising developments for Ripple, such as:

🌍 In-principle approval to expand in the UAE
📈 Bitwise's application for a spot XRP ETF

Additionally, the ongoing legal battles with the SEC are contributing to market uncertainty. But, Ripple’s launch of RLUSD, a native stablecoin, could bolster future growth for the XRP Ledger, attracting institutional investors.

#XRP #Ripple #RLUSD #BitwiseFilesXRPETF