- XRP price is down today along with the rest of the cryptocurrency market.
- The drop in XRP price is attributed to the recent comments from the Federal Reserve.
- XRP’s token has faced pressure since July 20, despite a positive ruling from Judge Analisa Torres.
- Investors realized that the ruling might be overturned in higher courts, leading to a reversal in XRP’s upward momentum.
- The rejection of Terraform Labs’ lawsuit dismissal further contributed to XRP’s price correction.
- XRP underwent an 11.3% price correction and a subsequent 6% decline in August.
- The SEC plans to challenge Judge Analisa Torres’ decision, potentially leading to further uncertainty.
- A potential XRP futures listing on the CME could impact the launch of an ETF.
- Macroeconomic uncertainty, including strategies to curb inflation, is affecting XRP’s performance.
- The likelihood of further price correction and a retest of the $0.54 level is possible.
XRP’s price decline does not constitute investment advice, and readers should conduct their own research before making any decisions.
