XRP Price Drop: Ripple Labs CEO’s Response to Trump and SEC Battle
XRP is on a downward trend as of Monday, following a televised appearance by the CEO of Ripple Labs that did not spark a new surge in the cryptocurrency’s value. Since the U.S. election, XRP had seen a significant increase of almost 400%. Many optimistic investors are looking to the incoming administration of Donald Trump to potentially lessen the regulatory challenges facing Ripple Labs, which relies on XRP for transactions on its digital payment network.
