Ripple’s cryptocurrency, XRP today posted a record low price this afternoon at the $ 0.88 level, down 22% in the 24 hours since the bullish trend on April 7th.
XRP prices are now back to previous levels, while moving positively following a series of wins in the Securities and Exchange Commission’s lawsuit trial against Ripple and its executives, Brad Garlinghouse and Christian Larsen.
Probably, this is bad news that XRP investors who bought the token when the price was at its peak.
As of this writing, the crypto market is still losing out with each recording a decline, with no signals of a recovery.
The proposal of the President of the United States (US), Joe Biden to introduce a capital gains tax rate of up to almost 40% to individuals earning over $ 1 million annually today does not seem to be welcomed by both markets, either crypto or fiat.
When writing Bitcoin (BTC) traded at $ 48,207, Ethereum recorded a value of $ 2,163, followed by XRP ($ 1.03), Cardano (ADA) traded at $ 1.01 and Litecoin (LTC) at $ 227.
