By George Glover
XRP was among the cryptocurrencies falling Tuesday, putting digital assets on course to extend their recent bad run.
The token, which is used to settle and facilitate transactions on Ripple Labs' digital-payments platform, slid 3.6% to $2.59 in early trading. It's down 19% over the past month.
Bar a brief bout of speculation about the potential launch of an exchange-traded fund tracking XRP, the cryptocurrency has been going through a rough patch ever since U.S. President Donald Trump returned to the White House. The new administration is yet to follow through on Trump's campaign promise to establish a Bitcoin strategic reserve, which has left crypto bulls feeling disappointed.
Other cryptocurrencies were also falling Tuesday. Bitcoin slipped 0.3%, Ethereum fell 2.9%, and Solana was down 6.9%.
Write to George Glover at george.glover@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
February 18, 2025 06:00 ET (11:00 GMT)
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