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Why XRP Is Sinking Today

TheMotleyFool

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XRP (CRYPTO: XRP) is moving lower in Tuesday's trading. The cryptocurrency's token price was down 4.2% over the previous 24 hours of trading as of 10:15 a.m. ET. Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) were down 1.7% and 3.2%, respectively, over the same stretch.

XRP is once again seeing significant pricing movement in conjunction with political catalysts -- although this time, it's in a bearish direction. The token is getting hit with significant sell-offs on the heels of a recent controversy surrounding Argentine President Javier Milei.

Last Friday, President Milei published a message that seemed to endorse Libra -- a new cryptocurrency that he said would help encourage "economic growth by funding small businesses and start-ups."

Source Fool.com

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