XRP cryptocurrency falls 27% due to wider decline in market following Trump's tariffs
The value of Ripple's XRP cryptocurrency has decreased by 27% over the past week, which is attributed to the general decline in cryptocurrencies following President Trump's imposition of tariffs on Canada, Mexico, and China. This could potentially lead to the US Federal Reserve being more cautious about reducing interest rates this year. However, XRP's previous surge was driven by optimism about more favorable crypto policies after Trump's election win, as well as positive developments in legal disputes. The SEC's regulatory decisions and the possible approval of Ripple's ETF could act as major catalysts for XRP's price increase.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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