"Ripple recently raised $500 million at a $40 billion valuation. That should've provided fresh momentum for XRP ( ), but it didn't. Price action has been stuck for the past six months despite Ripple expanding payment corridors, strengthening its regulatory position, and pulling in major institutional backing. Traders are focused on liquidity, whale movements, and actual settlement growth rather than big announcements. Even Franklin Templeton's newly launched XRP ETF hasn't shifted the trend, signaling deeper caution across the market."
"XRP's past six months have been defined by sharp enthusiasm followed by steady erosion. The token hit its high near $3.66 in July as ETF optimism and regulatory clarity boosted confidence. But that peak faded quickly. August pushed XRP into the low $2s, and September's brief consolidation never gained traction because volume stayed weak. October brought a deeper slide as broader market pressure set in."
Ripple raised $500 million at a $40 billion valuation from firms including Fortress, Citadel affiliates, Pantera, Galaxy, Brevan Howard, and Marshall Wace. Despite expanded payment corridors, stronger regulatory standing, and institutional backing, XRP price has been stagnant for six months. The token peaked near $3.66 in July, slid into the low $2s in August, and fell further through October and early November, dropping from $2.51 to the low $2.20s the week of the funding announcement. Traders emphasize liquidity, whale flows, and settlement growth over headlines. Low volume, fragile sentiment, and selling pressure left XRP below major moving averages.
Read at 24/7 Wall St.
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