XRP price corrects after a 56% pump to three-year highs above $1.26 as retail traders book profits and tokens move to exchanges en masse.
XRP (XRP) soared past the $1 mark on Nov. 16, hitting a three-year high of $1.26 amid anticipation of a favorable regulatory environment for cryptocurrencies and the potential resolution of Ripple’s long-standing legal battle with the US Securities and Exchange Commission (SEC).
Related: Ripple Labs and CEO come under fire amid rumors of a Trump meeting
XRP price has, however, pulled back significantly since, leading to questions about whether $1.26 was the top, at least for now.
