Ripple Enters Another Legal Controversy as Trump’s Support Triggers $360M Profit-Taking
The post Ripple Enters Another Legal Controversy as Trump’s Support Triggers $360M Profit-Taking appeared on BitcoinEthereumNews.com.
Ripple (XRP) price plunged 2.7% on Sunday, May 11, bucking the broader crypto market rally, as a fresh legal controversy involving U.S. President Donald Trump triggered a wave of profit-taking. The pullback erased approximately $360 million in XRP trading market volume on Sunday, reigniting regulatory risks around Ripple, just days after securing a 50 million legal settlement in its long-running case against SEC. Ripple (XRP) Price Decouples from Market Rally as BTC Holds Above $104,000 Ripple (XRP) price struggled for traction on Sunday, despite Bitcoin extending its recovery above $104,000. Other layer-1 rivals Ethereum and Solana also gained 5.4% and 4.8% respectively according to Coingecko data. In contrast, XRP price slipped 2.7% to $2.41, decoupling from the market rally. The underperformance was catalyzed by renewed legal concerns after reports surfaced that President Trump, who recently called for XRP to be part of a “strategic crypto reserve”, may have been misinformed about Ripple’s ongoing regulatory standing. Just days after Ripple secured a long-awaited $50 million final settlement with the SEC, this perceived political endorsement has inadvertently attracted fresh scrutiny. XRP Price Action, May 11, 2025 | Source: Coingecko XRP/BTC ratio fell 3% to its lowest level in two months, confirming the decoupling trend and reinforcing bearish divergence in cross-asset sentiment. This metric often serves as a proxy for institutional allocation preferences, and the current trend suggests Ripple price may continue lagging if the broader rally persists without a sentiment reversal. Why is XRP Price Going Down Today? Ripple’s recent downturn follows a news-driven rally that began with regulatory clarity. However, price action has failed to hold above $2.50, an area tested thrice in the past 30 days and rejected each time with significant sell-side pressure. The latest legal flare-up centers around Ripple being mentioned in a presidential policy draft as a…
Filed under: News - @ May 11, 2025 11:13 pm