XRP Suffers 3.03% Slump Amid Regulatory Overhang and Macro Liquidity Shifts

XRP (XRPUSD) took a hit on July 28, plummeting by 3.03% to $1.0579.

The decline is largely attributed to regulatory overhang and shifts in global macro liquidity conditions.

XRP remains sensitive to developments surrounding cross-border payment protocols, with investors reducing exposure due to ongoing litigation and lack of clear progress on a resolution.

Macroeconomic factors are also at play, as a rise in U.S. Treasury yields bolstered the dollar, putting downward pressure on cryptocurrencies like XRP.