XRP is facing strong pressure as legal problems, lower investor confidence, and a sharp drop in network use all hurt its performance. While most of the cryptocurrency market remains stable, XRP has declined by nearly 4% over the past 24 hours. A tough court decision, falling chances for a U.S. ETF, and a big drop in daily transactions have added to the concern, making many investors more careful about buying in.
XRP Drops Amid Market Slowdown
The crypto market isn’t showing much movement today, with most coins staying flat or slipping slightly. XRP is among the biggest to fall, dropping nearly 4% in the past 24 hours and now trading around $2.09.
This drop comes as the overall market shows signs of slowing down. In XRP’s case, a combination of ongoing legal issues, technical trading patterns, and nervous investor sentiment appears to be exacerbating the situation, adding further pressure to its short-term performance.
XRP Network Sees Major Slowdown in Usage
Activity across the XRP Ledger has taken a major hit. According to data from XRP Scan, both daily transactions and the number of active wallet addresses have dropped significantly. On June 27, the number of payments on the network plummeted from around 1.83 million to just 277,147—a steep 84% decline. Furthermore, some of the largest XRP holders have begun offloading their tokens, adding further pressure to the already declining price.
Judge’s Ruling Adds Pressure to XRP Slide
XRP’s recent price drop may be tied not just to lower network activity but also to a sharp legal setback in its ongoing case with the SEC. Judge Torres recently rejected a joint request by Ripple and the SEC to ease penalties and lift an injunction, signaling that she sees no reason to leniency in enforcement.
Her firm stance—that existing securities laws fully apply to crypto and remain unaffected by any past policy shifts—has likely shaken investor confidence, adding to the selling pressure already caused by declining on-chain activity and large holders exiting their positions.
XRP Confidence Shaken After ETF Odds Drop
Optimism around the U.S.-listed XRP spot ETF has taken a blow after the latest court ruling, cutting approval chances from over 95% to just 76%. This shift in sentiment has made many investors more cautious, with some choosing to hold off on adding more XRP to their portfolios.
At the same time, the wider crypto market is facing its own struggles—Bitcoin and other major tokens are also slipping, impacted by global tensions in the Middle East and traders locking in recent gains. With legal troubles still hanging over it, XRP is feeling the weight of the current market downturn more than most.
Final Thoughts
With falling network activity, legal pressure, and weakened investor confidence all piling up, XRP is in a tough spot. The recent court decision, reduced ETF approval odds, and broader market uncertainty have only added to the token’s struggles. Unless sentiment shifts or clear positive news emerges, XRP may continue to face strong headwinds in the short term as investors remain cautious and the overall crypto market stays on edge.
