Ripple’s Price Slump – Is XRP’s Bull Run Over?

After a year of impressive growth, Ripple’s XRP token has experienced a significant decline, plummeting to fifth place in the market. The surge that saw XRP reach an all-time high of $3.65 last summer was halted by factors including Bitcoin’s new record and the emergence of BNB as a top gainer. Now, investors are shifting their focus towards more dynamic assets like BNB and ASTER, leaving XRP behind. 2024 was marked by a lack of fresh buying momentum for XRP after the US elections, and the potential regulatory changes that had sparked earlier optimism now seem distant. However, there’s hope on the horizon with speculation over spot XRP ETFs in the U.S. set to potentially trigger a price surge if approved. This possibility adds another layer of uncertainty to the future of XRP and its position within the market.