XRP Army Urges Ripple Executives to Address Price Decline

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In the volatile world of cryptocurrency, XRP price has always been a topic of intense discussion and speculation.

Recently, the XRP Army, a passionate community of XRP investors and enthusiasts, has voiced growing concerns over the decline in the coin’s price. Their focus has turned towards Ripple Labs, the company with close association with XRP, urging its executives to take prompt action to address the downward trend. 

XRP Price Continues to Slide

XRP, known for its rapid transaction speed and low fees, has faced significant challenges in recent months. Regulatory uncertainties surrounding the classification of XRP as security have led to fluctuations in its price and hindered its adoption by institutional investors. 

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Additionally, the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has further exacerbated the situation, casting a shadow of uncertainty over the cryptocurrency’s future. As the XRP price continues to slide, members of the XRP Army have taken to social media platforms and online forums to express their frustrations and call for action.

Ripple Top Executives Urged to Implement Strategies to Boost XRP Price

On X, XRP enthusiast Mack from the Netherlands urged Ripple’s top executives, including CEO Brad Garlinghouse, to implement strategies aimed at stabilizing and boosting XRP’s value. One of the primary concerns raised by the XRP Army is the need for increased transparency and communication from Ripple regarding its plans to navigate the current challenges. 

Meanwhile, investors are eager to hear updates on the legal proceedings with the SEC and any potential settlements that could positively impact XRP’s regulatory status and market outlook. In addition, the XRP Army is calling for increased marketing and promotional activities to enhance XRP’s visibility and attract new investors.

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Crypto Exchange Relist XRP

Recall that, incorporation of XRP has been common since Judge Analisa Torres ruled on July 13 that the coin is not a security as the U.S. SEC has previously projected. American cryptocurrency exchange Coinbase and other exchanges have equally relisted the XRP token on their respective platforms after the Federal judge’s declaration.

Also, XRP has been given authorization to operate as a digital asset provider in Ireland. This intriguing opportunity allows potential investors to purchase the token from the website at a discounted XRP price.

The coin is worth $0.5225, up 0.55% in 24 hours with a 14% plunge over the past month.

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