XRP price slides to $1.50 as Fed chair fight and regulation gridlock weigh on crypto

XRP slipped on Wednesday, hovering near $1.56 and losing roughly 2% in the last 24 hours amid a wider crypto sell-off hitting riskier assets. According to CoinMarketCap, XRP’s trading volume clocked in at around $4.25 billion over the past day. https://coinmarketcap.com/currencies/xrp/

XRP slipped roughly 1.3% in the last 24 hours, hovering near $1.60, as uncertainty persisted in digital assets despite recent updates from the payments sector.

XRP climbed roughly 1.3% to $1.62 in late New York trading Monday following Ripple’s announcement of a full EU electronic money licence in Luxembourg. Bitcoin gained around 1.9%, while ether rose about 1.3%, based on pricing data. XRP’s range for the day was between $1.53 and $1.66.

XRP was last up about 1.4% at around $1.63, after trading as low as $1.53 in the past 24 hours, data from CoinMarketCap showed. Trading volume over that period was about $5.7 billion, leaving the token with a market value just under $100 billion. Bitcoin and ether were also slightly higher on the day, though both remained choppy after a sharp weekend swing.

XRP climbed roughly 3% Monday, settling near $1.64 following a weekend dip that weighed on major cryptocurrencies. Throughout the session, the token fluctuated between about $1.53 and $1.65, according to data.

XRP hovered around $1.59 on Sunday, barely moving in the past 24 hours as traders remained cautious heading into the new week. Trading volume for XRP hit more than $5.6 billion over the same period, according to data.

Ripple executives doubled down on their support for XRP and the XRP Ledger on Saturday, even as the token lingered below $1.90 and derivatives traders kept pulling back. According to TradingView, XRP sat roughly 25% below its 200-day moving average, a key benchmark for long-term trends. At the same time, open interest—reflecting outstanding leveraged positions—dropped below $2 billion.

XRP dipped 3.1% to $1.86 by 6:21 a.m. EST on Thursday, after reaching $1.94 earlier. Bitcoin lost around 1.7%, while ether dropped close to 3.0%.