Sun, February 9, 2025
[ Sun, Feb 09th 2025 ]: Yahoo
Stocks Poised for Lower Open
Sat, February 8, 2025
[ Sat, Feb 08th 2025 ]: MSN
Why XRP (Ripple) Plummeted This Week
Fri, February 7, 2025

Why XRP (Ripple) Plummeted This Week

The article from MSN discusses the significant drop in the value of XRP, the cryptocurrency associated with Ripple, which fell by 12% in a single day and over 20% in the past week. This decline was triggered by a court ruling in the SEC v. Ripple lawsuit, where Judge Analisa Torres denied a motion by Ripple to seal certain financial documents. These documents, which include financial statements and contracts with institutional clients, are set to be made public, potentially revealing sensitive business information. The anticipation of this disclosure has led to increased selling pressure on XRP, as investors fear the impact of the revealed information on Ripple's business prospects. Additionally, the ongoing legal battle with the SEC, which accuses Ripple of conducting an unregistered securities offering, continues to cast uncertainty over XRP's future, contributing to its volatility and the recent plummet in its value.

Read the Full MSN Article at:
[ https://www.msn.com/en-au/money/savingandinvesting/why-xrp-ripple-plummeted-this-week/ar-AA1yCIL9 ]