XRP Declines 4% Amid Global Economic Pressures

XRP experienced a 4% decline, trading at $2.14 as of May 31, 2025, driven by global economic tensions affecting broader cryptocurrency markets.

Ripple, led by Brad Garlinghouse and David Schwartz, has yet to provide comments on the XRP downturn, marked by $29 million in liquidations and a drop below the 50-day moving average, signaling heightened bearish momentum.

Brad Garlinghouse, CEO of Ripple, stated, “No direct statements related to the 4% drawdown found as of June 1, 2025.”

XRP’s decline is part of a broader crypto market selloff triggered by global economic pressures. Despite the downturn, Ripple leadership has not issued statements regarding any significant changes or responses from the company or protocols. Other assets like Bitcoin and Ethereum have also been affected, but Ripple’s official channels report no unique anomalies or disruptions.

The current market conditions highlight the impact of global economic tensions on cryptocurrency, with significant liquidations in derivatives markets revealing leveraged traders’ responses. The lack of official statements from Ripple leadership suggests a focus on broader economic sentiment rather than project-specific issues. Historically, XRP’s movements align with macroeconomic events, making it susceptible to global risk asset fluctuations. Ripple’s official channels and leadership remain silent, indicating no immediate strategic changes or announcements in response to the market shifts.

The influence of macroeconomic factors on XRP reinforces its correlation with other cryptocurrencies, emphasizing the sensitivity of altcoins to global market dynamics. These market conditions could potentially affect future Ripple operations or strategies indirectly.