📉 Why is XRP Down 17% Today? 🚨
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Ripple’s XRP is struggling as its price dropped below $2 twice in the last 24 hours, marking a 17% decline. Here’s a quick summary:
1️⃣ Massive Rally in November: XRP soared over 400%, hitting almost $3 after Donald Trump’s SEC-related announcements and optimism about pro-crypto leadership.
2️⃣ Sell-the-News Effect: After the hype cooled, XRP began retracing. The price dip accelerated as investors took profits.
3️⃣ Losing Momentum: XRP’s current freefall brought it below $2 and significantly reduced its market cap, pushing it closer to losing its 3rd spot to Tether (USDT).
4️⃣ Broader Market Impact: Among the top 15 cryptos, XRP and Shiba Inu are the worst performers today.
📊 Current Price Check: XRP is now fighting to stabilize while investors remain cautious.
Stay tuned for updates! 🚀