XRP Drops 1%: Why Is It Going Down?
Posted On May 16, 2025
XRP (CRYPTO: XRP) is down 1% after a U.S. District Judge rejected a proposed $50 million settlement between Ripple Labs and the U.S. SEC. Despite this legal setback, several crypto analysts see signs of a bullish reversal forming.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| XRP (CRYPTO: XRP) | $2.42 | $4.9 billion | -1.3% | +3.8% |
| Bitcoin (CRYPTO: BTC) | $104,362.42 | $2.07 trillion | +1.2% | +1.5% |
| Ethereum (CRYPTO: ETH) | $2,590.27 | $312.8 billion | +1.2% | +12.5% |
Trader Notes: Prominent trader Dark Defender said XRP has completed its final correction wave on the 4-hour chart.
He now anticipates a move toward $2.55, with the ultimate short-term target set at $3.333. His chart marks key levels:
- Support: …
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