XRP cryptocurrency falls 27% due to wider decline in market following Trump's tariffs
The value of Ripple's XRP cryptocurrency has decreased by 27% over the past week, which is attributed to the general decline in cryptocurrencies following President Trump's imposition of tariffs on Canada, Mexico, and China. This could potentially lead to the US Federal Reserve being more cautious about reducing interest rates this year. However, XRP's previous surge was driven by optimism about more favorable crypto policies after Trump's election win, as well as positive developments in legal disputes. The SEC's regulatory decisions and the possible approval of Ripple's ETF could act as major catalysts for XRP's price increase.
A script has been added to the document head that generates a link element for a CSS file and a script element for an HLS file. The CSS link element is initially set to print media and then changed to all media once it has loaded. The HLS script element is set to defer loading and its type is text/javascript. Additionally, an image is loaded with a URL that contains a token and CID. Finally, a function is invoked to display a player with a unique ID using the cnxel library.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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