Ripple’s XRP Price Under Pressure as JPMorgan Enters Stablecoin Market

JPMorgan’s entry into the stablecoin market is impacting Ripple’s XRP price, leading to a significant decline in its market share and potential for further losses. While Bitcoin hit a record high of $111,807, XRP struggled to keep pace, dropping 5.2% to $2.31 on May 24, 2025. The downward pressure stems from JPMorgan’s partnership with three US banks to develop a Wall Street-native stablecoin, challenging Ripple’s position in the blockchain space.