Why Is XRP Price Declining? 40% Drop Possible

Ripple’s XRP has experienced a notable decline this past week, lagging behind other major cryptocurrencies like Bitcoin, Ethereum, BNB, and SOL. Currently at $2.37, XRP has dropped over 5% in the last seven days, with a significant 3.4% decline within the last 24 hours, as per Coingecko data. 📉 This downturn interrupts the recent rally that began on March 19 after Ripple’s settlement with the SEC. As part of the agreement, Ripple will pay $50 million of the original $125 million fine imposed by the SEC. Additionally, the SEC aims to request a court decision to lift the earlier injunction against Ripple, although final steps are still underway. ⚖️ 💰