How will XRP’s price fluctuations affect crypto businesses?
XRP’s recent downturn, as pointed out by experts, poses major concerns for crypto businesses. The asset has been hovering under key moving averages, suggesting more possible declines ahead. Historical evidence suggests that trading below the EMA ribbon often leads to severe downturns, between 27% and 66%. Such wild price swings can complicate financial forecasting and regulatory compliance, especially for companies dealing with crypto payroll and global transactions.
The consequences of these price movements are tangible. For crypto-friendly small and medium enterprises (SMEs) in Europe, the volatility amplifies compliance challenges under the Markets in Crypto-Assets (MiCA) framework. Companies have to ensure they retain enough…
