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Ripple Tumbles 1.15% Amid Crypto Market Selloff

Guavy AI Editorial Team
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BTC ETH XRP
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Ripple's stock price is currently trading at $1.47524, down 1.15% from its previous close of $1.49235.

According to CoinDesk, leading cryptocurrencies including Bitcoin, Ethereum, and XRP declined further on Monday as investors reacted to rising bond yields and growing expectations of interest rate hikes.

Veteran trader Peter Brandt believes that investors don't need to buy into the broader XRP narrative to see a trading opportunity in the token, citing two upcoming events that put the altcoin back in focus.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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