XRP Price Plummets: Despite ETF Launches Looming

The XRP token experienced a sharp decline of nearly 6% over the past 24 hours, dropping below the $2.20 mark and settling near its lower boundary within the $2.20 to $2.70 trading range. This downward trend is partly attributed to a broader crypto market sell-off following the Federal Reserve’s recent interest rate decision, with cautious signals from Chair Jerome Powell indicating potential future rate cuts may not materialize.