Why is XRP Struggling Despite SEC Nod for Hashdex Nasdaq ETF
XRP had a bullish start to the year, breaching the $3 mark in January for the first time in seven years. The popular crypto also rose to a new all-time high of $3.65 in July. Since its peak, XRP has seen a gradual price dip. According to CoinGecko, XRP is down 0.6% in the last 24 hours, 7.2% in the last week, 5% in the 14-day charts, and 2% over the previous month. XRP’s latest fall comes despite the SEC approving the Hashdex Nasdaq Crypto Index US ETF to include the asset in its portfolio, according to an X post by NovaDius Wealth President Nate Geraci. Source: CoinGecko Why Is XRP Falling Despite the SEC’s Nod for Hashdex Nasdaq ETF? Source: Icobench XRP’s latest price dip is likely due to the larger market correction. Bitcoin (BTC) has dipped to the $111,000 price point, and other assets are following its trajectory. The market-wide dip could be due to uncertainties around the US monetary policy. Investors are most likely diverting their funds to the stock market an...