Ripple’s XRP Price Plunges: Key Reasons for the Drop Amidst Market Uncertainty

Ripple’s XRP price has taken a notable downturn, falling to $2.43 after dropping nearly 1% in the last 24 hours. While this decline follows a broader trend of weakness across the cryptocurrency market, a combination of technical factors and market sentiment is contributing to the sell-off. Notable events include Ripple co-founder Chris Larsen’s large XRP transfer and a shift towards more stable assets like Bitcoin. These factors are creating an environment of uncertainty for XRP investors.