XRP, the cryptocurrency linked to Ripple Labs, has seen its momentum dwindle, raising concerns of a potential 20% decline in value. The market’s cautious stance stems partly from speculative interpretations of a past executive order issued during Donald Trump’s presidency, which addressed digital assets. Traders appear to be weighing the regulatory implications of the order, as uncertainty lingers around Ripple’s legal status in the U.S.
Despite XRP’s recent rally, fueled by optimism surrounding Ripple’s partial court victory against the SEC, bearish signals now dominate. Analysts cite declining trading volumes and waning buyer interest as key factors for the downturn. The speculative link to Trump’s order has only added to the uncertainty, potentially deepening the selloff. XRP’s ability to hold critical support levels could determine whether a sharper decline is imminent.
