XRP's Streak on Thin Ice Amid Regulatory Push

Ripple CEO Brad Garlinghouse will be in two very different places this week. On Tuesday, he'll take the stage at the Wyoming Blockchain Symposium alongside SEC Chair Paul Atkins and Senators Cynthia Lummis and Tim Scott to discuss modernizing financial infrastructure. The next day, he's scheduled to visit the White House.

Meanwhile, the token at the center of Ripple's ecosystem is struggling. XRP has dropped 46% since the start of the year and sits 69% below its September peak of $3.18. It's hovered barely a cent above its worst price in a year, currently trading near $0.9952.

The most striking statistic is that XRP has closed above the $1 mark for 635 consecutive trading sessions, a streak dating back to November 2024. However, twice this week sellers have pushed the price below parity in intraday trading, and buyers have managed to push it back over the line.