Ripple, behind the XRP token, faces volatility following recent news of the SEC case development. Despite the SEC dropping charges, XRP initially surged in price, only to retreat subsequently.
Demand for Bearish Bets Amid XRP's Decline
Following a rise to $2.59, XRP fell to $2.02, raising investor concerns. This is confirmed by the negative funding rate, indicating interest in bearish positions. Temporarily, the rate reached -0.14%, indicating weak investor confidence.
President Trump's Role in Boosting XRP Awareness
Interest in XRP briefly increased after President Trump mentioned it among the strategic digital assets of the USA. For a time, the number of search queries for XRP even surpassed BTC, maintaining public attention.
Expansion of Cryptocurrency Offerings at Interactive Brokers
Interactive Brokers expanded its cryptocurrency offerings to include XRP alongside SOL, ADA, and DOGE. This underscores the growing integration of XRP into traditional financial systems and its potential for further growth.
Despite current decline and bearish expectations, XRP continues to attract attention due to its high liquidity and strategic position. Further developments will depend on macroeconomic factors and investor adoption.
