XRP has suffered a staggering 43% drop, wiping out weeks of gains. The latest price action saw a sharp 30% intraday decline, signaling panic selling and extreme volatility.

XRP price struggled to continue higher above the $2.75 zone and dipped. The price is showing a few bearish signs below the $2.60 level.

Ripple's CLO, Stuart Alderoty, recently shared his thoughts on the new U.S. administration's approach to cryptocurrency. In an interview with CNBC, Alderoty expressed his satisfaction with the changes brought about by the new administration. He explained that the previous administration had essentially waged a “war” on crypto, pushing the industry out of the U.S.

XRP Price Dips Amid SEC Appeal Uncertainty XRP slides 5.8% as traders weigh the impact of SEC's legal shake-up. Could a shift in regulatory stance boost XRP's long-term outlook?

However, the growing bear action in the broader market has continued to impact altcoins like Ethereum (ETH), XRP, SUI, and Avalanche (AVAX) in different measures. As of writing, the combined crypto market cap is down 1.56% to $3.16 trillion, proving that headwinds remain.

Recently, XRP's price has plummeted below the 50 EMA, which frequently serves as a crucial support for bullish momentum. Many traders are wondering if a return to the $3 mark is still feasible given that the asset is currently having difficulty holding above $2.50.

Ripple's XRP Ledger experienced a brief but significant outage on February 5, 2025, causing a 64-minute disruption in network operations. The temporary shutdown caused some concerns among users and impacted the price of XRP, leading to a slight dip in market sentiment.

XRP traded relatively quietly on Thursday following a strong performance on Wednesday, when it outperformed the broader cryptocurrency market, rising by 2.5%. The uptick came after CEO Brad Garlinghouse shared a photo of himself with the President-elect, sparking renewed interest in the crypto.

XRP price remains under pressure, trading within a key range as technical indicators signal potential downside risks. The recent 64-minute outage, which briefly halted transactions, has now been resolved, but it did little to boost investor confidence.

Ripple's new partnerships with Revolut and Zero Hash mark significant expansion for RLUSD stablecoin, aiming to challenge USDT and USDC market dominance.

Cryptocurrency analyst and trader Jason Pizzino believes three top altcoins may be forming bullish reversals after the market's correction. In a new video, Pizzino tells his 348,000 YouTube subscribers that Ethereum (ETH) may soon regain $3,000 as support after bouncing off of a low of around $2,100.

Cryptocurrency and stablecoin infrastructure platform Zero Hash is integrating Ripple's RLUSD stablecoin. The integration lets Zero Hash customers access RLUSD on the XRP Ledger and Ethereum networks, according to a Wednesday (Feb. 5) press release.

The XRP price has entered a Golden Pocket—a key Fibonacci retracement level that often acts as strong support. According to a crypto analyst, this new development could present an attractive buying opportunity for investors, especially as the market consolidates.

The Ripple-linked XRP is the biggest loser in the top 10 coins by market cap Wednesday following XRP Ledger technical issues.

The XRP Ledger halted block production for over an hour on February 4 before spontaneously recovering — marking a rare network disruption for one of the crypto industry's oldest blockchains. Developers confirmed that no customer funds were lost during the network halt.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

Ripple Labs is still in the midst of its long-running legal battle with the U.S. Securities and Exchange Commission (SEC), which has drawn significant attention within the crypto world. The lawsuit, which began in 2020, revolves around allegations that Ripple failed to register its XRP token as a security with the SEC.

Tenreiro worked at the SEC for over 11 years, first joining as an enforcement lawyer before serving as the agency's chief crypto litigator.

The Ripple USD (RLUSD) stablecoin has secured several new listings, according to a Wednesday announcement.

The SEC has reassigned Jorge Tenreiro, its top crypto litigator, to an unspecified position in its IT Department. Instead of more enforcement, the Commission's Crypto Task Force seeks to reorient its relationship with the industry.

In a recent development, Ripple announced that its RLUSD stablecoin is now available for trading on two crypto platforms. This adds to the growing list of trading platforms that have already added support for the stablecoin, which provides a bullish outlook for the XRP ecosystem.

XRP currently trades at $2.43 to $2.46 over the last sixty minutes, down 6.4% over the past day, with a market capitalization of $142 billion, a global trade volume of $7.93 billion, and a 24-hour intraday range of $2.44 to $2.70, reflecting persistent bearish pressure in the market.

XRP (Ripple) price has experienced a sharp correction, mirroring the broader crypto market decline. The token has fallen below a key resistance level, raising investor concerns.

The U.S. Securities and Exchange Commission (SEC) has reassigned one of its top crypto litigators, Jorge Tenreiro, to its IT department. This move follows recent changes in the agency's stance on cryptocurrency regulation under the leadership of Acting Chairman Mark Uyeda.

As XRP consolidates below the $3 mark, a cryptocurrency analyst has noted that the asset's technical structure hints at a possible rally toward the $8 level.

XRP bulls anticipate rapid price highs during the next cycle peak leading to increased bull activities. After the market dip, some traders flagged the possibility of a price jump to a new all-time high.

Solana (SOL) and XRP took nearly double-digit decline in their prices on the weekly timeframe, as U.S. President Donald Trump made key tariff announcements. Bitcoin's decline drags down most altcoins, as crypto traders digest developments in artificial intelligence and the ETF hype for Solana and XRP.

Dave Portnoy, the founder of Barstool Sports and a well-known figure in the trading and gambling world, has made another bold move in the crypto market.

XRP, the cryptocurrency associated with Ripple, has shown a strong 20% rebound in the past 24 hours, reaching $2.57 despite facing significant selling pressure. While this recovery is notable, XRP continues to battle volatility, driven by ongoing concerns surrounding market conditions and whale activity.

In a recent announcement, major crypto exchange Binance has unveiled a new update that affects the perpetual contracts of multiple crypto trading pairs.

The new leadership under Trump still needs to decide the securities attributes of assets such as SOL and XRP. This is key because it's making it difficult for exchanges to place crypto coins.

XRP's latest pullback could be part of a classic Elliott Wave structure, according to one market analyst, with a target above $18 if the bulls regain their footing.

The XRP Ledger (XRPL) experienced a network halt that lasted for just over an hour before successfully resuming operations, according to statements published by Ripple's Chief Technology Officer, David Schwartz.

The XRP Ledger has fully resumed operations after an unexpected disruption in transaction validation caused the network to halt for about an hour on Feb. 5, 2025.

Ripple's XRP Ledger (XRPL) temporarily halted block production for about an hour on Tuesday due to a possible network drift. The network has since fully recovered, with no loss of assets or transactions reported.

Over 95% of RLUSD stablecoin transactions have occurred on XRP Ledger.

In the latest XRP news, the US SEC's stance on crypto lawsuits is under the spotlight again, with legal experts weighing in on potential dismissals. Renowned crypto attorney James Murphy, aka MetaLawMan, has shed light on when the agency might start dropping cases.

Bitcoin (BTC) declined marginally to fall from $99,000 to its current level of $98,100. The flagship cryptocurrency is down over 2% in the past 24 hours as it struggles to build momentum.

XRP Ledger recovered after a 64-minute halt with potential self-recovery. Around 88,000 transactions were delayed; customer funds remained secure.

The global cryptocurrency market cap is down by over $200 billion in the last seven days, while the altcoin markets have shed more than $20 billion from their total valuations within the last 24 hours.

XRP attempt to break past the $2.7 resistance level has been met with strong selling pressure, forcing the price into a fresh decline. Its failure to sustain bullish momentum has shifted market sentiment, with bears seizing control and pushing the altcoin lower.

Ripple CTO David Schwartz confirmed the XRP Ledger network is now back up and running, with no loss of user funds.

Concerns have been raised that XRP's remarkable bull run may be coming to an end after it recently broke a crucial six-month support level. Following weeks of turbulence, XRP has fallen below $2.62, which served as a solid support level during its upward trajectory.

Under Trump's leadership, Ripple's CEO, Brad Garlinghouse, is excited about the recent changes happening in the U.S. crypto market, calling them a “big deal.” His excitement follows David Sacks, the U.S. Crypto Czar, pushing for clearer rules and regulations for cryptocurrencies like Bitcoin and XRP.

Everyone seems to be hating on Ethereum (ETH) right now, but investors have been buying this dip in a very big way this week, said CoinShares Head of Research James Butterfill, citing data from fund flows into crypto-oriented exchange-traded investment products in the last 24 hours.

The leading crypto exchange Binance, has unveiled significant updates affecting multiple perpetual contracts, including XRP, NEAR, MEW, and others. Besides, the exchange has also introduced new trading bot services for select spot trading pairs including Litecoin (LTC), TRUMP, and Sonic (S).

TL;DR Ripple's XRP Ledger experienced a 64-minute network halt on February 4, due to consensus issues, affecting approximately 88,000 transactions. Validator operators manually intervened to resume operations, but it remains unclear if the network self-healed or if the intervention directly resolved the issue.