Ripple, CEO of Brad Garlinghouse, is on the agenda with a series of positive news recently. However, the record -breaking hopes of the XRP price are gradually decreasing despite these developments.
Despite the positive developments, the price of XRP continues
Although positive news about Ripple continued to come, the value of XRP has decreased by 35 %since January. Investors are gradually losing the belief that XRP will break a new record in the first half of 2025.
According to Polymarket estimates, the possibility of Ripple -related crypto currency will reach a new summit before July, while US President Donald Trump has increased up to 90 %after the task of the task has declined to 4 %.
The XRP has lost more than 15 %of its value in the last seven days, which represents the worst performance among the 20 largest crypto currencies. Since Trump took office on January 20, the value of XRP declined by 35 %and traded for $ 2.06 at noon in the UK.
Positive news is not enough
The decline in the price of XRP and the loss of record -breaking expectations of investors, in fact, positive news takes place in a period of succession.
Kriptokoin.comAs you’ve followed from the SEC, Ripple with withdrawal for a long time with withdrawn. In addition, Trump expressed his desire to include XRP in a national crypto stock and promised to relax the crypto arrangements in general.
On the other hand, market observers expect that SEC will soon approve of XRP -based stock market investment funds (ETF). In addition, the crypto exchange Gemini announced that it has released a credit card that allows users to earn XRP in their purchases.
US Customs Duties and General Market Edition
The loss of confidence in the XRP has been in the midst of a wider collapse in which the general crypto market has suffered 24 %of the general crypto market since Trump took off.
Mena Theodorou, one of the founders of the Coinstash crypto exchange, said, “The ongoing wavy market conditions, which are ongoing due to the increasing global uncertainty of the markets, lead investors to remain cautious in general.” he said.
The main factor behind this depreciation is the wavy trade wars of Trump with the closest trade partners of the United States.
Trump’s extensive new taxes, which are expected to announce on the day of Wednesday, are fueling a global trade war concern. England, EU and Canada began to prepare for retaliation, the Great Asian stock market indices experienced sharp decreases. The situation increases recession anxiety.
“This situation caused crypto currencies to withdraw from more risky assets with shares, with the deletion of $ 1.25 trillion before the weekend from the US stock exchanges.” he added.
