Reason of xrp down trend.
Are you keeping up with the latest news on Ripple and XRP? The SEC has targeted Ripple's plans to launch a stablecoin, labeling it as a new unregistered crypto asset. This has left XRP in a state of uncertainty, with investors eagerly awaiting a court ruling in the coming months. It is expected that the SEC will appeal the Programmatic Sales of XRP ruling after the verdict.