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Ripple (XRP) plummets to 3-week low despite strong endorsement from SBI CEO

Ripple (XRP) fell sharply by 15% during a market downturn, reaching an intraday low of 2.53 USD, its lowest since January 14. A broader crypto market crash has been exacerbated by geopolitical uncertainty.

SBI CEO Yoshitaka Kitao anticipates a positive ruling from the SEC could lead to substantial price increases for XRP. However, today’s market responses reveal a disconnect between positive endorsements and investor sentiment.

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