XRP's Slide: What's Behind the Crypto's Recent Struggles?

XRP, the digital currency linked to Ripple Labs, has been on a downward slope lately. As of Monday, it hit a low of $1. 92. This isn't a sudden drop, though. The value has been hovering around $2 for about a month, and it's been declining since late July when it was over $3. 50. You might wonder why XRP isn't doing better. After all, the U. S. regulators recently dropped their legal case against Ripple Labs, and XRP ETFs have started trading. These should have boosted demand and price, right? But that's not what's happening. Zach Rector, a crypto market expert, shared some insights on the Paul Barron Podcast. He pointed out that while there's been money flowing into XRP ETFs, there's also been a lot of selling on centralized exchanges. In November alone, $808 million left these exchanges, with $803 million going into ETFs. This back-and-forth might be why the price isn't shooting up.It's also worth noting that XRP isn't the only crypto taking a hit. Bitcoin and Ethereum, the big players in the crypto world, have also seen their values drop recently. XRP's price history is quite volatile, especially considering its legal troubles over the past few years. While the current price is lower than it's been in a while, remember that XRP spent most of 2022, 2023, and 2024 between $0. 30 and $0. 80. It only saw a big jump in October last year, going from around $0. 50 to over $3 by January 2025. So, this isn't the first time XRP has seen ups and downs.