Here’s Why XRP Price Is Down Today

XRP’s price has dropped 2.84% today, settling at $2.76, amid significant volatility in the market. The decline comes despite the approval of a Hashdex ETF by the SEC, which includes XRP alongside other altcoins such as SOL and XLM. The approval, which occurred on September 25, initially fueled optimism. However, instead of continuing its upward momentum, XRP faced heavy selling, with traders rushing to “sell the news” after an 8% price increase earlier in the week.