XRP fell 4%, market volatility intensified, and long-term growth potential is still expected
Against the backdrop of a 5% decline in the overall crypto market yesterday, XRP fell to $2.15, recording a 4% intraday decline.
The pullback was mainly affected by the geopolitical event of Israel’s nighttime attack on multiple targets in Iran, which led to a rise in risk aversion in the market and general pressure on crypto assets.
Despite the increased short-term volatility, XRP has maintained a 1% increase in the past week, while the monthly decline has widened to 17%. In the longer term, as the fourth largest mainstream token by market value, XRP has still recorded a 340% increase in the past year, showing strong recovery momentum and institutional favor.
Good news is also continuing to be released. Just the day before yesterday, Nasdaq-listed Trident announced that it would establish an XRP reserve of up to $500 million to accelerate XRP’s asset allocation status and bring it new market support.
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Official email: [email protected]
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Kosta Gushterov
Reporter at Coindoo
Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.
