Summary
- Ripple has given up the $2 level, showing a significant downward trend.
- Today's decline was attributed to deteriorating investor sentiment due to uncertainties in President Donald Trump's cryptocurrency policies and macroeconomic concerns.
- With this drop, Ripple has fallen below $2 for the first time since last November.
Ripple (XRP) has fallen below the $2 mark.
As of 9:38 AM on the 11th, according to CoinMarketCap, XRP is trading at $1.94, down 7.34% compared to the previous day.
With today's decline, XRP has dropped below $2 for the first time since last November.
XRP had been showing consistent strength after President Donald Trump's election, as it was considered one of the main beneficiaries of Trump's America-first cryptocurrency policy.
However, since February, investor sentiment has significantly deteriorated due to uncertainties about President Trump's cryptocurrency policies and concerns about the macroeconomy, ultimately causing XRP to fall below the $2 mark.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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