#CryptoReboundStrategy
XRP has seen a significant drop in its price recently, falling by 8% to $2.36.
Possible reasons for this drop:
1. Legal developments: The US Securities and Exchange Commission (SEC) filed an appeal against Ripple, which raised investor concerns and led to selling pressure on the currency.
2. Changes in monetary policies: The US Federal Reserve’s hawkish interest rate policies have reduced liquidity in the markets, negatively impacting digital assets including XRP.
3. Profit-taking: After previous spikes in the price of XRP, some investors sold their holdings to take profits, which contributed to increased selling pressure and a decline in the price
