XRP Plunges: Will Ripple Token Find its Way Back in Turbulent Market?

Ripple (XRP) has experienced significant price drops over the past two weeks, losing more than 18% against Bitcoin. This decline comes as the token struggles to overcome market volatility and faces headwinds from regulatory uncertainty. Despite some positive news such as The Dubai Land Department’s adoption of the XRP Ledger for its tokenization project, XRP continues to underperform compared to other cryptocurrencies, including a notable decline in the past week. 10th-ranked cryptocurrency according to CoinMarketCap, is struggling amidst a bearish market, and even Bitcoin’s gains have been capped due to the ongoing SEC battles.