Market Turbulence and XRP's Struggle to Stay Afloat The past few months have been tumultuous for the cryptocurrency market, with Bitcoin's price surging to an all-time high of over $64,000 in mid-April, only to plummet to below $30,000 in May. This volatility has had a significant impact on XRP, which saw its price drop from a high of $1.96 in April to a low of $0.55 in May. The market turbulence has made it challenging for XRP to maintain a steady price, causing uncertainty among investors. The SEC vs. Ripple Legal Battle Adding to the market turbulence is the ongoing legal battle between Ripple and the SEC. The SEC has accused Ripple of selling XRP as an unregistered security, resulting in a lawsuit that has been ongoing since December 2020. This lawsuit has caused a lot of uncertainty and negative sentiment around XRP, as the outcome could have significant implications for the cryptocurrency's future. The Impact of Bitcoin on XRP's Price Bitcoin's domin...
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