XRP price at risk as NYDFS removes Ripple from approved-tokens list
XRP price has been influenced by external conditions for quite some time now, going back to 2020. The token took its time to gain the status of being ...
- The New York Department of Financial Services (NYDFS) has updated its virtual currency oversight regime and removed 25 crypto assets, including XRP, from its approved tokens list.
- The exclusion of XRP from the "greenlist" could lead to a decline in its price and potentially harm investors.
- XRP's price is currently close to breaching a key barrier at $0.505, which, if flipped into a support floor, could initiate a recovery rally.
- If the breach fails or external factors negatively impact XRP, its price could decline to test the support at $0.480.
The sentiment of the article is mostly negative, as it highlights the potential negative impact of XRP's delisting and price decline on investors.