Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Ripple’s XRP Price Drops 11% Amid Legal Concerns

Ripple’s XRP Price Drops 11% Amid Legal Concerns

BitcoininfonewsBitcoininfonews2025/05/17 20:44
By:Bitcoininfonews
What to Know:
  • XRP price drops 11% due to decreased network activity and legal uncertainties.
  • Ripple’s unresolved legal issues with the SEC contribute to market volatility.
  • Long-term investors maintain confidence despite short-term price drop.
Ripple’s XRP Price Drops 11% Amid Legal Concerns

Ripple’s XRP fell by 11% over three days in early May 2025, with network activity decreasing and legal challenges resurfacing.

The decline comes as the SEC settlement continues to weigh on Ripple, affecting XRP’s price amid reduced liquidity and increased volatility.

11% XRP Price Drop Tied to Network Decline

Ripple Labs, led by CEO Brad Garlinghouse, manages XRP’s ecosystem. A recent 11% price drop coincided with diminished network activity and heightened legal scrutiny .

The decrease in XRP’s value followed Ripple’s $50 million settlement with the SEC. Large holders and institutional support began to wane as regulatory uncertainty impacted the market.

$360M Trading Volume Reduction Sparks Investor Concern

The 11% decline impacted traders and investors, who saw a $360 million trading volume reduction. Whale activity shifted towards selling, amplifying liquidity concerns .

Despite current challenges, some investors project a positive future for XRP, highlighting potential price recoveries as legal clarity improves.

“XRP didn’t come all this way just to go back down to $0.60.” This investor maintains a conservative price target of $11.34 by the end of 2025, suggesting continued long-term confidence despite recent volatility.

Price Volatility Mirrors Past Legal Outcomes

The current fall mirrors past legal events impacting XRP, which also caused volatility spikes historically linked to regulatory news.

Investor sentiment remains cautious due to ongoing legal challenges, with reduced institutional support and a drop in derivatives market participation.

Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor.
0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!