XRP ETF Fails to Bump Bulls as Ripple-Linked Token Plunges 7.3% Amid BTC Selloff

The recent decline of XRP by 7.3% highlights a troubling trend in the cryptocurrency market, particularly as Bitcoin (BTC) experiences a selloff. This downturn has not only broken the psychological price floor of $2.30 but has also erased recent gains for XRP. The failure of the XRP ETF to generate bullish momentum has been a significant factor in this negative sentiment. Additionally, reports indicate that the overall crypto market has seen a sharp downturn, with major assets like BTC and ETH also falling, suggesting a broader bearish trend affecting Ripple-linked tokens.