Why XRP is going down today

The price of XRP has experienced a significant drop of 10.34% on July 24. Ripple's XRP is declining today due to several factors:

1. **Regulatory Concerns**: The SEC's recent freeze on Bitwise's XRP ETF has cast a shadow over XRP's future. This has led to a loss of investor confidence and has resulted in significant selling pressure.
2. **Market Volatility**: The broader crypto market is experiencing high levels of volatility, which has led to a sell-off in XRP. This is part of a larger trend affecting the entire cryptocurrency sector.

In conclusion, XRP's decline today can be attributed to a combination of regulatory concerns and market volatility. These factors have created a negative sentiment around XRP, leading to a significant drop in its price.

Crypto XRPUSD Percentage Change For Recent 2 Weeks Day By Day
|code|Ticker|Name|Date|Percentage Change|market_code|
|---|---|---|---|---|---|
|XRPUSD|XRPUSD.UDC|Ripple|20250711|7.2700000000000005|UDC|
|XRPUSD|XRPUSD.UDC|Ripple|20250712|0.26|UDC|
|XRPUSD|XRPUSD.UDC|Ripple|20250713|3.53|UDC|
|XRPUSD|XRPUSD.UDC|Ripple|20250714|4.31|UDC|
|XRPUSD|XRPUSD.UDC|Ripple|20250715|-1.31|UDC|
|XRPUSD|XRPUSD.UDC|Ripple|20250716|4.04|UDC|
|XRPUSD|XRPUSD.UDC|Ripple|20250717|14.62|UDC|
|XRPUSD|XRPUSD.UDC|Ripple|20250718|-1.95|UDC|
|XRPUSD|XRPUSD.UDC|Ripple|20250719|0.32|UDC|
|XRPUSD|XRPUSD.UDC|Ripple|20250720|0.8500000000000001|UDC|