What Is Going On With XRP?
XRP has experienced a decline of almost 15% since the start of January, concerning investors as the rest of the market marks 12-month highs. The decline has been attributed to investors taking profits elsewhere amid uncertainty about the project and better opportunities in the market.
The recent approval of bitcoin exchange-traded funds (ETFs) in the US has fuelled interest in other cryptocurrencies, including Ethereum, which is set to have its own set of ETFs approved later this year. However, while Ether has seen a price rally due to anticipated decisions on its ETFs, similar optimism is not evident for XRP, which is not expected to attract an ETF any time soon. This disparity in market expectations contributes to the current price dip for XRP.
