#XRP continued its downward trend from Sunday, trading at $2.14, down almost 10%. President Trump’s Strategic Bitcoin Reserve Executive Order has caused investor dissatisfaction, as evidenced by
#XRP’s second consecutive session of underperforming the overall market. The Ripple-based token has lost more than a quarter of its value in the last 7 days.
President Trump’s choice to create a Strategic Bitcoin Reserve instead of a multi-crypto reserve dampened expectations that the SEC would soon drop its appeal in the Ripple case.
The SEC contested the Programmatic Sales of XRP decision in its op