XRP Price Tumbles Below $1.30 Amid Fed Rate Decision and Senate Setback

XRP's price plummeted to below $1.30 on Tuesday after experiencing a 7.3% decline, representing approximately a 23% retreat from its recent peak near $1.68.

The token recorded $4.12 billion in trading activity over the last 24-hour period and maintains a market capitalization around $81.68 billion.

Royal Kane, a prominent Dubai investor, publicly declined to buy XRP at present levels due to concerns over its substantial valuation.

Kane compared XRP's size and lack of products or revenue with smaller-cap tokens like Solana, Pepe, and Zcash, which he believes offer more compelling narratives and return potential.