#XRP and another twenty-four tokens have lost their status as "approved tokens" that can be listed on exchanges. Only eight crypto assets were given the green light when the New York Department of Financial Services revised its virtual currency supervision system. The price of XRP has been creeping closer and closer to $$0.505, a crucial barrier that must be broken in order to launch a rebound surge. The price of XRP has been affected by macroeconomic factors since at least 2020. The token was slow to get the "greenlight," but the New York regulatory authority hopes to change that with new guidelines. Assault on $XRP by a New York state agency The New York State Department of Financial Services (NYDFS) has modernised its regulations governing virtual currencies. New requirements for crypto asset listing on exchanges were mentioned in the revision. Meanwhile, the NYDFS delisted 25 assets from its "greenlist" of safe tokens. There are currently 25 recognised cryptocurrencies, including XRP, DOGE, LTC, and more; BTC, ETH, and 6 others are still in the green. Circle's USD Coin (USDC) is the second largest stablecoin after Tether (USDT), however it is not on the "greenlist." The stablecoin wasn't even on the first list, so it's unclear why this determination has been so staunchly upheld. The NYDFS may investigate the token's listing on cryptocurrency exchanges if it has not been approved by the agency. When the Securities and Exchange Commission (SEC) initially launched its action against Ripple, this was an issue with XRP. As a result, XRP was delisted from multiple markets before being reinstated after Ripple's partial success. Given the present market conditions, another delisting might have a more adverse effect on the price. Potential downside for the XRP pricing There is risk for XRP investors if the delisting of tokens follows the New York Department of Financial Services' update. The cryptocurrency has lost all of its gains since mid-July, as shown by the larger market. The current price of XRP is $0.503, and if it were to break through the $0.505 resistance level and use it as support, it would go towards the 50-day Exponential Moving Average (EMA) at $0.XXX. Using this line again as support might help the asset's recovery along. The Relative Strength Index (RSI) is currently above 50.0, indicating that positive sentiment is more likely to persist. The support for XRP lies at $0.480, so if the breach doesn't work or external factors have a negative effect on the coin, the price might fall to that level. The bullish thesis would be disproved and additional losses would occur if the market fell through it.