XRP Price Fails to Rebound Despite Ripple’s $1 Billion Buyback Plan

Despite Ripple’s ambitious $1 billion buyback plan, XRP price continued its downward trend on Friday, dropping 8.75% and potentially reaching the crucial $2 support level in the coming days. While analysts attribute this fall to a broader crypto market decline after last week’s turbulence, hopes of a rebound remain high among XRP bulls. Ripple’s plan to purchase billions of XRP for its own treasury could place it at the top of corporate holders of the cryptocurrency. However, the price’s lack of response suggests ongoing weakness in the market.