May 16, 2025

XRP Price Drops 11.6% Amid Bitcoin-Led Market Decline, Ripple CTO Highlights Utility

1 min read

The cryptocurrency market is currently facing significant volatility, with Bitcoin spearheading the decline. This downturn has notably affected other major tokens, such as XRP, which has plummeted by over 11.6% to $0.3823, marking its lowest point since March 2023. Addressing community concerns, Ripple’s CTO, David Schwartz, emphasized XRP’s utility, highlighting that it still costs $1

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