XRP Price Remains Bearish Despite Positive News

Despite a series of positive developments for Ripple (XRP), the cryptocurrency has failed to capitalize on the bullish news. The XRP price has remained stagnant in 2023, marking a significant decline from its year-high of around $4.50. Its market capitalization now sits at around $121 billion, down sharply from its January peak of $190 billion. Market analysts suggest that this stagnation reflects the broader cryptocurrency market’s current volatility.