The US Federal Reserve cut the key interest rates, Trump and China had a successful meeting in terms of lowering some of the tariffs, and it’s still October – a historically bullish month for the cryptocurrency market. So, you would expect risk-on assets to be soaring, right?

That hasn’t been the case for most of the month, and the past 24 hours have brought nothing but more pain. But why is XRP’s price down today by over 6% after the most recent positive developments around the company behind the asset?

The US Federal Reserve cut the key interest rates, Trump and China had a successful meeting in terms of lowering some of the tariffs, and it’s still October – a historically bullish month for the cryptocurrency market. So, you would expect risk-on assets to be soaring, right?

That hasn’t been the case for most of the month, and the past 24 hours have brought nothing but more pain. But why is XRP’s price down today by over 6% after the most recent positive developments around the company behind the asset?