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XRP Price Declines as Ripple Selling Debate Continues

June 26 (Cointime) - Over the past 24 hours, the value of XRP has decreased by 2.5% and is currently trading at $0.48. Despite a bullish surge last week that pushed the price to $0.527, the overall crypto market has stabilized, allowing for price consolidation.

With support at $0.5 lost once again, investors may face potential losses extending to $0.465 and $0.45. Attorney John Deaton has argued that Ripple's sale of XRP does not necessarily classify the token as a security, citing that many investors bought XRP without prior knowledge of Ripple. However, XRP price has slipped below $0.50 and is testing support at $0.48, with traders closely monitoring a sustained break below this level to confirm the pullback.

XRP XRP $0.52
-0.13%
XRP Ripple
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