• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

XRP Price: 11% Drop and USDC Growth on XRP Ledger

user avatar

by Giorgi Kostiuk

18 hours ago

The price of XRP continues to decline amidst an ongoing crypto market crash. Despite positive news regarding the growth of USDC on the XRP Ledger, the trend remains bearish.

Decline in XRP Price

The price of XRP dropped to $2.0715, which is 11% lower than its peak this week and 36% below its high earlier this year.

Growth of USDC on XRP Ledger

Nonetheless, the XRP Ledger continues to grow, particularly after the expansion of USD Coin. The total supply of USDC on the XRP Ledger has increased to over $2 million.

XRP Price Analysis

XRP is currently trading below the 50-day and 200-day Exponential Moving Averages. The formation of a descending triangle indicates a potential further decline if the price drops below the support level of $1.9097.

Thus, despite the continued decline in XRP price, positive factors such as the growth of USDC and potential regulatory changes from the SEC may influence the market in the near future.

0

Share

Other news

Bybit Celebrates Father's Day with New Initiatives and Offerings

Bybit launches a new project for Father's Day - the Crypto Time Capsule, focusing on passing knowledge across generations.

user avatarGiorgi Kostiuk

a minute ago

MEXC Golden Era Showdown: Up to 10 Million USDT Prize Pool and Real Gold Bars

MEXC has announced the Golden Era Showdown event with a prize pool of up to 10 million USDT. Participants can win gold and BTC.

user avatarGiorgi Kostiuk

2 minutes ago

CBDT of India Launches Investigation into Unaccounted Crypto Earnings

India's CBDT has initiated an investigation into unreported crypto incomes, focusing on potential tax evasion and money laundering.

user avatarGiorgi Kostiuk

2 minutes ago

Ethereum Foundation Donates $500,000 for Legal Defense of Tornado Cash Co-Founder Roman Storm

The Ethereum Foundation has contributed $500,000 for the legal defense of Roman Storm, facing legal challenges in the U.S.

user avatarGiorgi Kostiuk

3 minutes ago

Maple and Lido: A New Chapter in DeFi Using stETH

The collaboration between Maple and Lido Finance allows stETH to be used as collateral for loans, boosting institutional participation in DeFi.

user avatarGiorgi Kostiuk

7 minutes ago

Overview of Promising Crypto Projects: Codename:Pepe, NEAR, and Others

Analysis of new cryptocurrencies like Codename:Pepe and NEAR that may offer significant investment opportunities.

user avatarGiorgi Kostiuk

8 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.