Ripple’s XRP token extended its decline on Wednesday despite a regulatory milestone for the company’s U.S. dollar stablecoin, Ripple USD (RLUSD), which has now been cleared for launch in Japan. The disconnect highlights a familiar pattern in the XRP market: business-development wins may strengthen the long-term adoption narrative, but they often struggle to offset near-term risk-off sentiment and ecosystem-specific shocks.
As of 5:00 a.m. UTC on June 25, XRP was trading at $1.0793, down about 2% over the past 24 hours, according to CoinMarketCap data cited in the report. Losses have… Read more
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