XRP Price Drops 10%, But Analysts See Healthy Correction Ahead
XRP's price dropped by nearly 10% on recent market news, reaching its lowest point at $1.27.
This marks the first time XRP has tested this level in over a month.
Despite the decline, analysts say that the strong underlying demand for XRP remains intact.
Ripple's investment in Velocity's recent funding round and its focus on stablecoin development suggest that the company is not deterred by regulatory setbacks.