XRP Faces Uncertainty as Bearish Signals Increase / Lives / ChainMarketTime:Smart Crypto. Smarter Decisions.

XRP Faces Uncertainty as Bearish Signals Increase

On March 19, Ripple CEO Brad Garlinghouse announced that the US Securities and Exchange Commission had cleared the company of allegations regarding a $1.3 billion unregistered securities offering. This news led to a surge in XRP (XRP) price to $2.59, but the gains were short-lived as the cryptocurrency experienced a 22% correction, dropping to $2.02 by March 31. Investors are concerned about a potential further price correction as XRP is currently trading 39% below its all-time high of $3.40 from Jan. 16. Additionally, XRP perpetual futures (inverse swaps) show a strong demand for leveraged bearish bets, indicating a bearish sentiment in the market.