#XRP #RippleLab Ripple CEO Brad Garlinghouse has commented on the latest drop in the price of $XRP, which has seen the cryptocurrency fall more than 11% in a single day. On Thursday, XRP fell to $0.5101 after trading significantly higher at $0.6058 earlier in the day.
The sharp drop in the price of XRP came in response to the US Securities and Exchange Commission's announcement that it would appeal the rulings in Ripple's concluded lawsuit, triggering a significant sell-off in the XRP market.
Crypto enthusiast Carlos Miguel shared a chart on X illustrating the sharp price drop. Garlinghouse responded with a sarcastic comment, implying that the XRP chart shows how the SEC is “protecting” investors. His remark underscores his view that the SEC is hurting XRP investors, which is contrary to the agency’s stated mission.
This is a chart that shows you how the SEC is protecting you. (yes, that's sarcasm.)
— Brad Garlinghouse (@bgarlinghouse) October 2, 2024
The price of XRP has since rebounded 4% from Thursday's low, trading just above $0.53. However, investors who bought XRP last week remain down more than 9%. 🤝*** Support the author Favorite XRP token: rJu2tsxQngnBi2n1UYj3WoDt4f8Pmnd5wz Memo 932390456 #IntroToCopytrading SEC #XRP #ЛюбимыйТокен
