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XRP Tanks Amid South Korea’s Political Crisis and Regulatory Pressures
NAIROBI (CoinChapter.com)— The value of Ripple’s cryptocurrency, XRP, has plummeted by 2% in the past 24 hours amid growing political instability in South Korea and ongoing regulatory uncertainty. This decline is part of a broader market downturn.
A recent political crisis unfolded after an arrest warrant was issued against impeached President Yoon Suk Yeol on December 3. The development followed the president’s attempt to impose martial law, which was quickly overturned by parliament. As a result, the South Korean won plunged to a 16-year low, trading below 1,470 per dollar.
Source: coinchapter.com
