Why Is Ripple’s XRP Down by 4.5% Today (July 28)?
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The broader crypto market reversed Monday’s rally, losing over $80 billion in market cap as prices turned red today. Ripple’s XRP fell from $1.11 to $1.05, signaling short-term token performance weakness and increased market risk for traders, DeFi and CEX participants pending further catalysts or fundraising/adoption news.
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The rather impressive Monday rally didn’t last long, as the entire cryptocurrency market has turned red today, with the market cap losing over $80 billion from top to bottom.
Ripple’s native token is no exception. The asset has dropped from yesterday’s peak at $1.11 to $1.05. Here are some of the possible reasons behind this decline and what could be next.
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