XRP’s price drops nearly 8%: XRP has experienced nearly an 8% price drop, falling to $2.36. This significant decline marks its steepest loss in more than two months, raising concerns among investors. This drop was unforeseen but signals potential risks and market volatility for the cryptocurrency.

Ripple ceo’s interview oversight: Ripple CEO Brad Garlinghouse’s recent CBS interview unintentionally contributed to XRP’s decline by omitting a crucial ruling that XRP is not a security. This oversight disappointed many in the crypto community, leading to investor uncertainty and further impacting the cryptocurrency’s market performance.

Investors shift focus, impacting XRP: The market saw a substantial $14.5 million in XRP long positions liquidated. HIGH trading volume of $12 billion couldn’t prevent a market cap drop to below $136 billion. Investor focus has shifted to Bitcoin and Ethereum, suggesting continued short-term bearish sentiment for XRP.