XRP Price Plummets 13%: Market Analysis Amidst Uncertain Economic Times

The XRP price experienced a significant drop of 13% this week, despite the launch of the Canary XRP ETF. This decline is being attributed to market trends driven by economic uncertainty and geopolitical tensions. While initial trading volume exceeded established crypto ETFs, investor enthusiasm failed to translate into immediate price gains. Ripple’s XRP has seen a substantial decline since its peak, shedding around 37% in recent weeks. The lack of immediate upward movement despite the launch highlights the complex interplay between market forces and ETF developments.