XRP Prices Rebound After 19-Month Low Amid Market Volatility

XRP (Ripple) has been affected by the recent market downturn, reaching a 19-month low of $1.08 due to the strong US jobs report.

However, the cryptocurrency has since stabilized around $1.12-$1.16, indicating some level of resilience in its price.

The trigger for this drop was the 172,000 new jobs reported on Friday, which raised fears that the Fed will hold interest rates higher for longer, causing a sell-off across the board.

Despite this downturn, XRP institutional buyers have shown commitment to holding onto their positions, with ETFs pulling in record amounts of investment even during the market crash.