XRP fell 6% over the past 24 hours, trading at $2.26 on Friday. Despite the dip, the token remains the fourth-largest cryptocurrency by market cap at around $129 billion, with $13.7 billion in 24-hour trading volume.
The decline comes after XRP's price surged 300% in recent months, fueled by optimism over Ripple's legal wins and plans for the RLUSD stablecoin. However, Ripple has delayed the stablecoin's launch and is awaiting approval from the New York Department of Financial Services.
When contacted by Baha Breaking News today, Ripple said there was no "information to share at this stage." At 7:00 am ET, XRP was down 5.4%, selling at $2.28.
