XRP Faces Market Volatility Amid Global Economic Shifts, Webus Unveils Major Financing Initiative

XRP experienced a notable decline of 4% as global economic uncertainty spurred a risk-off sentiment across cryptocurrency markets. The token’s price dropped from $2.20 to $2.14, reflecting a broader 3.81% decrease in the total crypto market capitalization, now standing at $3.3 trillion. This downturn triggered over $29 million in liquidations as traders adjusted their positions following a pivotal U.S. court decision on trade tariffs. Meanwhile, China’s Webus International announced a substantial $300 million financing plan, potentially signaling new developments for the digital asset space. As of May 31, 2025, XRP is trading at 2.17280000 USDT, with market participants closely watching for signs of stabilization or further volatility.

XRP Slides 4% Amid Global Economic Uncertainty, Webus Announces $300M Financing Plan

XRP tumbled alongside broader crypto markets as trade policy concerns triggered a risk-off sentiment across financial assets. The token dropped from $2.20 to $2.14, mirroring a 3.81% decline in total cryptocurrency market capitalization to $3.3 trillion. Liquidations exceeded $29 million as traders unwound positions following a U.S. court ruling on Trump-era tariffs.

China’s Webus International revealed plans to raise $300 million for integrating XRP into its global chauffeur network. The initiative will leverage XRP Ledger for cross-border settlements, including driver payouts and loyalty programs through renewed partnership with Tongcheng Travel Holdings.

Ripple’s ecosystem saw concurrent developments with Bitget listing the RLUSD stablecoin and the company publishing research highlighting the $31.6 trillion cross-border payments market. Traditional settlement rails continue facing criticism for inefficiency as blockchain solutions gain traction.

SEC Advances Review of WisdomTree’s XRP Spot ETF Proposal

The U.S. Securities and Exchange Commission has entered an advanced stage of evaluation for WisdomTree’s proposed XRP spot exchange-traded fund. A public comment period has been initiated, signaling regulatory progress toward potential approval.

Cboe BZX Exchange filed the application on WisdomTree’s behalf. The SEC’s 240-day review window now focuses on investor protection mechanisms and market manipulation safeguards under the Securities Exchange Act of 1934.

Ripple Labs’ recent legal settlement with the SEC has improved XRP’s regulatory clarity. This development coincides with growing institutional interest in the digital asset, bolstering the ETF’s approval prospects.

XRP Price Struggles Amid Rising Competition from High-Potential Altcoins

XRP continues to face volatility, with its price struggling to maintain momentum despite Ripple’s institutional initiatives. The token briefly rallied 12.37% to $2.31 following the launch of HashKey’s XRP Tracker Fund in Asia—a first-of-its-kind investment vehicle backed by Ripple. Yet the failure to breach the $3 resistance level has left investors questioning its long-term viability.

Meanwhile, Unilabs emerges as a disruptive force in the PassiveFi sector. On-chain metrics suggest explosive growth potential, with analysts projecting a possible 3,300% rally. The contrast highlights a shifting market dynamic where innovative protocols increasingly divert attention from established assets.

XRP Price Prediction: Can XRP Rebound After Inflation Dip and Bearish Breakdown?

XRP faces mounting selling pressure as it trades around $2.13, marking an 11% weekly decline. Technical indicators suggest a bearish outlook, with resistance levels at $2.48 and $2.62 appearing formidable. The Chaikin Money FLOW (CMF) at -0.17 signals persistent capital outflows, while the Awesome Oscillator (AO) and Parabolic SAR reinforce the downtrend.

Analysts warn that a failure to reclaim the $2.27 support level could trigger a deeper plunge to $1.92 or even $1.57. Despite cooling U.S. inflation data—April’s core PCE dipped to 2.5%, the lowest since March 2021—the crypto market remains skittish. Trade concerns linger after a federal appeals court suspended a ruling on Trump-era tariffs, overshadowing potential tailwinds for risk assets.