XRP Price Drops: What’s Behind the 40% Decline Prediction?

Ripple’s XRP token has witnessed a significant dip this past week, lagging behind other major cryptocurrencies like Bitcoin, Ethereum, BNB, and Solana. Its current price of $2.37 represents a drop of over 5% within the last seven days and a concerning 3.4% decline in the past 24 hours, according to data from CoinGecko. This decline has halted XRP’s recent rally that began after Ripple settled with the SEC in March, culminating in a $50 million payment of the original $125 million penalty. The SEC also aims to have the injunction against Ripple lifted. However, XRP trading volume has sharply declined, falling from over $4 billion to $2.9 billion this past week—a drop of over 39%. 7