SOL and XRP Prices Fall Again, Just as the Market Was Starting to Recover

Political scandals force Solana to slip 40%. Meanwhile, meme coin controversies air the scandal. RP also faces a staggering 19 drop, owing to unfilled political promises.  

At first, this regulatory support seemed to pave the way ahead for LIBRA. But the same publicity stance came in as a boomerang! Overnight LIBRA lost 90% of its market cap. A lot of small-scale retail investors were left devastated in a moment! Even institutional investors had a hard time. Just what is going on with crypto today?  

The latest crypto news flowing in today is even worse. Analysts found that a massive sell-off drive has already started following this controversy. Meanwhile, Solana was performing well and held on to the trend throughout 2024.  

A week ago news broke out that the president is now himself charged with fiscal infidelity. Multiple Argentine lawyers have fled cases against him, on that note!  

XRP Slips Too 

The President’s scandal triggered Solana’s fall. Meanwhile, XRP’s fall is purely a political letdown. Like many other altcoins, XRP also started 2024 with a bang! Cut to 2025. XRP is trading at less than $2.60 now. The price has fallen 19%, compared to last year.  

Is There Any LAST HOPE For XRP?  

The odds of XRP’s spot ETF approval is the last resort for the coin. Investors who are scared to place their bets on XRP can still invest in the coin without buying the token.  

But the SEC hasn’t taken any concrete decision so far. But this ETF tease is keeping the smaller investors in unrest. They can’t decide whether to pull off their funds from the XRP funds or not.  

On the other hand, XRP is not roping in new whales from the market. As a result, the rate of new inflows is also minimal.  

What Must Traders Do?  

If President Milei gets caught in the wildfire, there are chances that Solana’s prices will fall further. But neither Trump nor the SEC wants the LIBRA scandal to get any more traction.  

Meanwhile, most analysts say that users may start selling off their XRP tokens in small proportions since there are rare chances that the price will make a peaking anytime soon!