Why XRP Is Slipping Today
XRP's (CRYPTO: XRP) token price is heading lower in Friday's trading. The cryptocurrency was down 2.4% over the previous 24 hours as of 6:50 p.m. ET. Meanwhile, Bitcoin was down 0.3% over the stretch, and Ethereum was down 3%.The cryptocurrency market's pullback is continuing in today's trading, and the momentum is weighing on XRP. The cryptocurrency's token price is still up 274% over the last year but is now down 33.5% from its high.XRP is seeing another round of sell-offs today as investors digest potential risk factors tied to new tariffs and inflationary pressures. Recent economic data has shown inflation coming in hotter than expected, and additional tariffs might worsen the situation.Continue reading
XRP's (CRYPTO: XRP) token price is heading lower in Friday's trading. The cryptocurrency was down 2.4% over the previous 24 hours as of 6:50 p.m. ET. Meanwhile, Bitcoin was down 0.3% over the stretch, and Ethereum was down 3%.
The cryptocurrency market's pullback is continuing in today's trading, and the momentum is weighing on XRP. The cryptocurrency's token price is still up 274% over the last year but is now down 33.5% from its high.
XRP is seeing another round of sell-offs today as investors digest potential risk factors tied to new tariffs and inflationary pressures. Recent economic data has shown inflation coming in hotter than expected, and additional tariffs might worsen the situation.
