- XRP has dropped 7% in the last 24 hours amid a wider market downturn.
- The cryptocurrency faces the risk of falling below the $2 price mark after recent declines.
- Ripple settled its lawsuit with the SEC earlier in 2025, which contributed to XRP reaching a $3.65 high in July.
- The recent approval of the first XRP exchange-traded fund (ETF) in the U.S. is expected to increase institutional investments.
- Mass adoption of XRP by global banks for cross-border payments supports its potential long-term use.
The price of XRP has declined by approximately 7% in the past 24 hours, continuing a broader market correction. Over the last two weeks, XRP has fallen about 8%, and over the past month, the decline is close to 8.3%, according to CoinGecko’s XRP data. This downtrend raises concerns about XRP slipping below the $2 level.
Earlier this year, Ripple resolved its long-standing lawsuit with the U.S. Securities and Exchange Commission (SEC), which had posed legal uncertainties around XRP. After the settlement, XRP peaked at an all-time high of $3.65 in July, marking a significant milestone. The lawsuit resolution removed a major hurdle for the cryptocurrency’s wider acceptance.
In 2025, the U.S. introduced its first XRP exchange-traded fund (ETF), a financial product that allows investors to buy shares representing XRP without holding the asset directly. ETFs have been instrumental in driving prices for other major cryptocurrencies like Bitcoin and Ethereum throughout the year. Despite the bearish market conditions currently suppressing XRP’s price rallies, the ETF is anticipated to attract more institutional investments in the near future.
Several banks worldwide have adopted Ripple’s XRP Ledger for cross-border remittance services. The XRP Ledger is a blockchain technology designed to facilitate fast and low-cost global payments. This growing usage in the banking sector may contribute to increased demand for XRP as a transactional asset.
Current price levels could provide an entry point for new investors or an opportunity for existing holders to average down their cost. XRP’s performance is expected to improve once the market stabilizes and volatility decreases.
Additional information about XRP’s potential movement can be found in the article titled XRP’s Setup Suggests $2.3 Comes First, Then a Monster Rally To $8.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
