XRP’s price has taken a tumble, dropping by a significant **7.71% to reach $2.15, its lowest point since June 2025.** This is despite the recent buzz surrounding a potential spot XRP ETF. Let’s break down what’s happening.
First, the numbers: XRP’s price has clearly taken a hit. The drop to $2.15 is a key indicator of current market sentiment.
Now, let’s talk about the mechanics of the XRP Ledger. The only costs associated with transactions are fees and reserves. Here’s a critical detail: these fees are ‘burned.’ This burning mechanism effectively reduces the total supply of XRP over time, which can have a deflationary impact.
But here’s where it gets interesting. Despite the price drop, there’s been a surge of interest in XRP. This interest spiked after a filing for the iShares XRP Trust appeared on the Delaware Corporation Commission website. However, BlackRock, a major player in the financial world, has denied the authenticity of this filing. This discrepancy adds a layer of intrigue to the situation.
So, what do you think? Is the price drop a temporary blip, or does it signal something more significant? Do you think the denial from BlackRock changes the game? Share your thoughts – I’m eager to hear them!