XRP's Price Plummets 70% Despite Major Milestones

XRP's price has plummeted by an astonishing 70% from its peak of $3.65, leaving investors wondering if utility and fundamentals are indeed relevant in crypto.

The token's integration into the DTCC's clearing rails and hosting of $3.5 billion in tokenized assets were supposed to be major milestones, but they have failed to move the needle for XRP's price.

Despite the growth of infrastructure and the launch of spot ETFs, the market seems to be ignoring XRP's progress, raising questions about whether utility actually matters for price.