XRP Price Plummets: Investors Seek Recovery Amidst Market Volatility

Despite a 6% drop in the past week, XRP investors remain hopeful for price recovery as the cryptocurrency market experiences volatility. This decline follows a recent downward trend compared to major cryptocurrencies like Bitcoin and Ethereum. While prices dipped below $3.12, analysts point to the recent release of US inflation data as a potential catalyst for fluctuations. Technical analysis suggests this drop may have been driven by liquidity adjustments rather than a significant shift in sentiment.