In a surprising turn of events, XRP suffered a swift and sharp drop of roughly 45%. Thankfully, and somewhat miraculously, it rebounded almost as quickly, shooting back up with clear buying support that left a few in the trading community puzzled but many more feeling quite positive about things. Given that this rapid-fire move happened right around the time the SEC was announcing a rather major policy shift, many have taken it as a sign that not only Ripple, but also the wider world of cryptocurrencies, is in a much better spot than it was in a few months ago.
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