XRP showed resilience in rallying above the $0.60 mark today. Its gain of 27.1% this month also confirms renewed investor interest.
XRP price declined yesterday, dropping below the $0.6 support level to $0.58 in 24-hour trading. The crypto asset price dropped from $0.62 to $0.58 within three hours, indicating seller pressure.
Nevertheless, XRP has shown remarkable resilience in rallying above the $0.60 mark today. Its gain of 27.1% this month also confirms renewed investor interest.
Speculation surrounding a meeting between the US SEC and Ripple Labs likely increased XRP’s price volatility. XRP’s price is $0.60, and it has slightly declined in the past 24 hours.Analysts Highlight Possible Reasons Behind XRP Price Decline
Analyst Common Sense Crypto believes XRP’s price decline results from the closed-door meeting with the SEC.
He noted that XRP is usually sold off every month when such meetings do not yield results.
