XRP Price Rises Amidst Price Volatility and Shifting Market Dynamics

Ripple’s (XRP) price saw significant fluctuations on May 1, plummeting from a peak of $2.24 to a low of $2.13. This decline was partly driven by the failed acquisition attempt by USDC issuer Circle, based in the United States. These developments triggered liquidity imbalances and investor liquidations, resulting in a dip below crucial support levels. Despite this, the price rebounded above the $2.20 threshold, sparking hope for further gains towards the $3 mark.