XRP in Freefall: Ripple’s Crypto Hits Rock Bottom Among Top 10

Over a period of 30 days, the value of XRP has plunged by more than 20%. The native token of Ripple is thus widening the gap with the leaders of the crypto market. A breakdown of the reasons that weaken this digital asset and place it at the tail end of the top 10.

Ripple faces a judicial and regulatory storm

Indeed, Ripple’s victory against the SEC seems already set. However, the legal situation of Ripple still represents a major obstacle for XRP. Opened since the end of 2020, this case weighs heavily like a sword of Damocles on the evolution of the crypto asset.

Specifically, institutional investors will always hesitate to commit as long as uncertainty persists. Since the beginning of the year, the price of XRP has fallen by nearly 35%, while Bitcoin shows an increase of more than 50% over the same period. The specter of an unfavorable decision thus maintains distrust, even in the event of a global crypto market rebound.

Crypto XRP: a loss of speed amidst market disinterest

Beyond regulatory risks, crypto XRP suffers from a significant decline in its on-chain activity. The daily trading volume has indeed fallen below 500 million dollars, significantly down from the 1.2 billion observed during previous peaks. This drop is accompanied by a disengagement from crypto whales. Crypto experts particularly refer to a visible reduction in the number of active addresses holding more than 10 million tokens.

Unlike Ethereum or Solana, which fuel dynamic sectors (DeFi, NFT or layer 2), Ripple remains focused on interbank transfers. This specialization limits its attractiveness for:

• new projects;
• a portion of crypto investors oriented towards innovation.

Capital flight and absence of a catalyst: crypto XRP falls

The crypto market is experiencing frequent rotations of capital. Right now, XRP finds itself at the back of the pack. No major event is indeed supporting the price of the crypto asset or reviving the community. The absence of a catalyst thus prevents the token from repositioning, especially faced with altcoins that multiply technical announcements or partnerships.

Currently, XRP is trading around $2.04, far from its annual high of $3.40 reached a few months ago. The market capitalization of the crypto asset has also fallen below $115 billion, pushing XRP to the 7th place in the global ranking. The crypto asset thus finds itself behind more dynamic rivals like Solana and Cardano.

In any case, the technical signal is clear: the trend will remain bearish as long as Ripple does not provide more visibility. However, if the crypto company manages to positively conclude its dispute with the SEC, the game could change.