XRP price at risk as key RLUSD stablecoin metrics plunge
NegativeCryptocurrency

- XRP's price has dropped to $1.8800, marking its lowest level since December 19, and is approximately 50% below its peak this year, reflecting a broader downturn in the cryptocurrency market alongside Bitcoin and other altcoins.
- This decline raises significant concerns for Ripple, as it indicates a continued bear market and challenges the stability of XRP, especially after the recent introduction of the RLUSD stablecoin, which was expected to bolster its market position.
- The current volatility in XRP's price is compounded by a series of bearish trends, including a notable drop in Binance's XRP reserves and a failure to maintain critical support levels, prompting analysts to predict further declines and reflecting a cautious sentiment among investors in the cryptocurrency space.
— via World Pulse Now AI Editorial System







