Ripple’s XRP price has experienced a notable decline, approaching the $2.20 threshold. While the cause remains unclear, analysts attribute this drop to multiple factors: increased selling pressure and shifting market dynamics. Notably, Ripple Labs’ activity regarding XRP supply changes is also impacting prices. The lack of official statements from key executives adds to the uncertainty surrounding the price movement. 1 billion XRP releases per month are adding to the circulating supply, contributing to the downward pressure on the coin. 70% of XRP transactions come from institutional investors who continue to hold a substantial $40 billion market value, despite recent volatility in crypto markets. The potential for a spot XRP ETF approval, coupled with Ripple’s IPO strategy, is creating significant market sentiment shifts as investors await crucial developments.