It’s been 40 days since the U.S. court issued a partial verdict in the SEC’s case against Ripple. In that timeframe, the digital currency XRP’s value has slumped by a significant 39.43%.
Despite SEC’s Interlocutory Appeal and 39% Downturn, XRP Enthusiasts Hold out for a Rebound
Recent statistics paint a tumultuous picture for XRP. Over the past week alone, its price dipped by 18.5%, and a monthly overview reveals a 32% slide against the U.S. dollar. But rewind to July 12, 2023, and the scenario was different – XRP was trading at $0.47 per coin. However, after judge Analisa Torres’ judgment the very next day, its value soared to a notable $0.819 per coin.
July 14 saw an even greater spike with XRP reaching a 2023 peak of $0.8437. But since that pinnacle, its descent has been swift, culminating in a 39.43% drop since July 14. Much of this drop is attributable to the past week’s performance, and just in the last 24 hours as of August 22, it’s taken a 1.5% hit against th
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