XRP was once the shining star among major altcoins until yesterday afternoon, but its price has dropped sharply by double digits since then. 🤔

- This week, XRP rose from $2.35 to nearly $2.6 after the company behind it announced the launch of the long-awaited stablecoin on December 17. The price continued to rise to a peak of $2.73 on the launch day.

- However, XRP could not maintain its upward momentum and fell to $2.5 before the overall market sharply corrected after the Fed's interest rate cut decision, pushing the price down to a low of $2.23.

- This price drop may be due to the trend of "selling on news," as XRP rose before the RLUSD launch and fell after the new token began trading.

- Additionally, the outlook for XRP ETF in the U.S. is not very bright, with experts suggesting that Ripple may fall behind other projects like Litecoin and Hedera, especially as the company faces a lawsuit from the SEC. 📉