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XRP Slumps Amid Broader Market Downturn, Structural Challenges Persist

Guavy AI Editorial Team
Instruments
XRP
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XRP has dropped by 2.39% to $1.11 in the latest market downturn, which wiped out approximately $2.8 trillion from risk assets worldwide.

The decline is attributed to broader macro pressure rather than XRP-specific issues, with Alphabet's disappointing earnings and concerns about AI spending contributing to the selloff.

Seven US spot XRP ETFs have pulled in nearly $1.47 billion in cumulative inflows through late June, but this progress is counterbalanced by structural headwinds that continue to impact XRP's price.

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