XRP is currently trading at $2.16, reflecting a 2.25% decline over the last 24 hours and a 0.95% decrease over the past week, according to data from CoinMarketCap. This downturn comes amid a broader market cooldown, as Bitcoin also continues its slight retreat from recent highs. At the time of writing, Bitcoin is trading at $104,500, marking a notable drop from its all-time high of over $111,000 recorded last month. The present market correction appears to be affecting major digital assets, with XRP among those experiencing short-term declines despite a series of positive long-term developments. Why Is XRP Price Down? Social and Political Context The recent public dispute between President Donald Trump and Tesla CEO Elon Musk has had a notable impact on the cryptocurrency market, including XRP. The feud began when Musk criticized Trump’s proposed tax and spending bill, leading to a series of retaliatory actions and public exchanges between the two figures. He also alleged in another tweet that Epstein’s file is being kept away from the public because Donald Trump’s name is there. Time to drop the really big bomb: @realDonaldTrump is in the Epstein files. That is the real reason they have not been made public. Have a nice day, DJT! — Elon Musk (@elonmusk) June 5, 2025 I’m sorry, but I just can’t stand it anymore. This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You know it. — Elon Musk (@elonmusk) June 3, 2025 This political tension has brought uncertainty into the market, affecting investor sentiment and contributing to the decline in XRP’s price. While the direct impact of the Trump-Musk feud on XRP’s price is difficult to quantify, the overall market sentiment has been negatively affected. Investors are responding to the increased political uncertainty, which is reflected in the recent price movements across various cryptocurrencies. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Institutional Momentum and Developments on the XRP Ledger While the short-term price chart shows a dip, the underlying fundamentals and ecosystem surrounding XRP have shown continued growth and progress. Ripple’s Chief Technology Officer, David Schwartz, recently commented on the future of digital assets, stating that the industry is on the edge of large-scale institutional adoption. This aligns with several key developments that happened in 2025. Ripple’s collaboration with BDACS, a South Korean digital asset custodian, represents a strategic move to bolster institutional custody capabilities. Earlier this year, Ripple also unveiled a detailed roadmap focused on decentralized finance (DeFi) use cases for institutional players. Central to this plan is the introduction of Automated Market Makers under the XLS-30 standard, which aim to improve liquidity for tokenized assets on the XRP Ledger. Furthermore, the XRPL itself has seen significant upgrades. The integration of native programmability has enabled more efficient and secure development of institutional-grade applications. This allows for permissionless innovation while maintaining compliance, scalability, and operational robustness. Looking Ahead Despite the minor downturn today, the broader trajectory for XRP appears stable, supported by strong institutional interest and ongoing improvements to its ecosystem. The short-term price fluctuation should be weighed against these long-term fundamentals, which continue to attract investment and development activity. Although social narratives and political developments can exert influence on short-term trading behavior, the foundation being laid through Ripple’s partnerships and technical upgrades suggests that XRP’s strategic positioning remains intact. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Here’s Why XRP Price Is Down Today appeared first on Times Tabloid .
