XRP News Today: XRP Price Drops 15% as Crypto Market Corrects, Experts Advise Buy

As the crypto market experiences another correction, newer investors, particularly those within the XRP community, are feeling anxious. However, a respected voice in the crypto world has offered a reassuring perspective. In a recent post, crypto pundit Kenny Nguyen addressed frustrated traders who are complaining about XRP’s current price. He emphasized that the entire crypto market is in a correction phase, not just XRP, and advised that this is the optimal time to buy rather than to panic.

Nguyen’s comments have struck a chord with long-time XRP supporters, who view the current downturn as a significant opportunity rather than a cause for concern. He ended his message with a touch of sarcasm, suggesting that those seeking instant wealth should try their luck with a lottery ticket instead.

XRP’s price action mirrors the broader market trends. As of the latest report, XRP is trading at $2.12. While some traders had hoped for a quick surge past the $2.50 resistance level, the current price range reflects broader market dynamics rather than any individual weakness in XRP. Bitcoin has dipped below $104,000, and Ethereum is trading under $2,500, both down from recent highs. This pullback is indicative of a market-wide consolidation rather than a loss of confidence in XRP.

For experienced investors, such corrections are seen as opportunities to enter or add to strong positions before the next surge. Nguyen emphasizes that this phase is where wealth is quietly built, not loudly announced. Despite short-term price fluctuations, XRP’s core value remains robust. Ripple, the company behind XRP, continues to expand its influence across global financial systems. Recent partnerships with banks and fintechs reinforce XRP’s role as a bridge currency for cross-border payments, a use case with growing relevance in the evolving digital economy.

Adding to XRP’s momentum is the recent launch of the XRP ETF (XRPQ) by 3iQ, now trading on the Toronto Stock Exchange. The ETF offers regulated exposure to XRP for traditional investors and is waiving its management fees for the first six months, a strategic move that signals growing institutional confidence in XRP’s long-term value.

Beyond legal wins and new products, XRP’s network is showing record activity. On June 15, the XRP Ledger processed over 5.1 million transactions in a single day, an all-time high. This spike in usage highlights the increasing demand for the network’s utility, particularly ahead of the anticipated Ethereum Virtual Machine (EVM) sidechain launch, which will open the door to smart contract capabilities.

Large XRP transfers to institutional platforms like Coinbase Institutional suggest that big players are quietly preparing for the next market cycle. These moves often signal accumulation phases, when smart money buys while sentiment is low. Nguyen’s message is clear: seasoned investors don’t panic during dips; they position themselves. As the market cools and prices pull back, XRP’s strong fundamentals and growing adoption make it one of the most promising assets to watch. This isn’t the time to complain; it’s the time to prepare.