XRP price has been influenced by external conditions for quite some time now, going back to 2020. The token took its time to gain the status of being
New York agency goes after XRP
Interestingly, USD Coin , the second biggest stablecoin in the world, issued by Circle has not been included in the “greenlist”. The stablecoin was not part of the original list either, raising questions as to why this decision has been stood upon so firmly.crypto exchanges Another delisting might have a bit more of a bearish impact on the price, given the current market conditions.If NYDFS’ update reflects in token delisting, XRP price could end up observing a decline, which could prove to be harmful to investors. As is, the broader market cues resulted in theTrading at $0.503, XRP price is presently close to breaching the barrier at $0.505, flipping which into a support floor would send it toward the 50-day Exponential Moving Average at $0.XXX.
Ripple gets a big win over the fact that programmatic sales aren’t considered securities, and this could bode well for the broader crypto sector as most of the assets eyed by the SEC’s crackdown are handled by decentralized entities that sold their tokens mostly to retail investors via exchange platforms, experts say.
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