XRP Down 18% In A Week: What Is Going On?

Weighed down by deteriorating broader crypto market sentiment, XRP (CRYPTO: XRP) has fallen 18% over the past week, but some traders refuse to give up hope.

Cryptocurrency Ticker Price Market Cap 7-Day Trend
XRP (CRYPTO: XRP) $1.55 $94.6 billion -18.6%
Bitcoin (CRYPTO: BTC) $74,778.91 $1.49 trillion -16%
Ethereum (CRYPTO: ETH) $2,172.83 $262.8 billion -27.3%

Trader Notes: Trader Cryptoinsightuk said multiple long-term narratives are converging around XRP, highlighting its low transaction fees, high throughput, built-in decentralized exchange and automated market maker, and a ledger that has operated reliably for years without major disruption.

With Ripple having largely resolved its long-running legal battle with the SEC and combined with its expansion into institutional products, Cryptoinsightuk says XRP is uniquely positioned to benefit if U.S. crypto market …

Full story available on Benzinga.com