Why is XRP worth down in the present day?

XRP (XRP) is down in the present day and is on the course to log its worst weekly efficiency since August 2023.

As of Nov. 17, XRP’s worth is round $0.60, down almost 9.5% week-to-date, together with a 7.5% decline within the final 24 hours. The downtrend mirrors worth behaviors throughout most top-ranking cryptocurrencies. Nonetheless, XRP has underperformed the crypto market, which fell merely 2.5% this week.

BlackRock (NYSE:)’s XRP ETF rumor

XRP whale distribution

Technical pullback

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