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Hace 1 día XRP drops 6% amid global economic tensions, took a sharp hit The dropfrom $2.305 to a low of $2.163came as the cryptocurrency market reeled from a U.S. court Hace 23 horas XRP extends losses below $2.20 as tariff uncertainty rattles investors. US core PCE Price Index for April meets expectations at 2.5%, down from 2.7% in March. XRP’s Ripple’s XRP has lost more than 17% over the past day amid a broader crypto market crash. The token, currently trading at around $0.44, has hit its lowest level in One of the core issues weighing on XRP’s price is declining network activity on the XRP Ledger. According to data from XRPScan.com, daily active addresses have Whales are reacting to Ripple XRP’s recent price drop, dumping 25 million coins to a new wallet amid XRP’s slump. According to data from Whale Alert, an XRP whale shifted 24.7 million

Ripple (XRP) Slumps Amid Market Crash: Can XRP Hit $0.7 This Weekend?

The cryptocurrency market is experiencing significant volatility, and Ripple (XRP) is feeling the pressure. Amidst a broader crypto market crash, XRP has taken a sharp hit. Is a rebound to $0.7 possible this weekend?

XRP Price Plunge: What's Happening?

Ripple’s XRP has lost significant value recently. The token, currently trading around $0.44, has hit its lowest level in some time after a recent drop. Hace 1 día reports that XRP drops 6% amid global economic tensions. The drop from $2.305 to a low of $2.163 came as the cryptocurrency market reeled from a U.S. court [case].

Recent News and Market Sentiment

Hace 23 horas highlighted that XRP extends losses below $2.20 as tariff uncertainty rattles investors. US core PCE Price Index for April meets expectations at 2.5%, down from 2.7% in March. The token has lost more than 17% over the past day. Uncertainty regarding tariffs and other macroeconomic factors is contributing to investor anxiety.

XRP Ledger Activity Declining

One of the core issues weighing on XRP’s price is declining network activity on the XRP Ledger. According to data from XRPScan.com, daily active addresses have decreased, suggesting less user engagement.

Whale Activity: A Sign of More Trouble?

Whales are reacting to Ripple XRP’s recent price drop, dumping coins. According to data from Whale Alert, an XRP whale shifted 24.7 million coins to a new wallet amid XRP’s slump. This large transaction suggests that some major holders are losing confidence, at least temporarily.

Can XRP Recover to $0.7 This Weekend?

Given the current market conditions, declining network activity, and whale sell-offs, a rapid recovery to $0.7 for XRP this weekend appears unlikely. The cryptocurrency market is highly unpredictable, and a sudden positive catalyst could shift the momentum. However, significant headwinds persist.

Factors to Watch

  • Overall Crypto Market Sentiment: A general recovery in the crypto market would benefit XRP.
  • XRP Ledger Activity: An increase in active addresses would signal renewed interest.
  • Regulatory Developments: Any positive news on the regulatory front could boost XRP's price.

Disclaimer: Cryptocurrency investments are highly speculative and carry significant risk. This is not financial advice. Always conduct thorough research before investing.

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