Ripple Price Dips: Understanding the Factors Behind XRP’s Decline

The XRP price has experienced a notable decline today, falling to around $2.16 as the cryptocurrency market as a whole faced a broader sell-off. This dip saw the total crypto market value drop by 3.1% to reach $3.35 trillion. The recent decision by the U.S. Court of International Trade overturning former President Trump’s import tariffs on goods has been a key factor contributing to this volatility. While the administration plans to appeal, the ruling has shaken financial markets and consequently impacted the cryptocurrency market.