Despite the panic or dread that many people felt, the recent drop does not predict an economic recession nor further stock market declines, though they are certainly possible.
Hitting a new 52-week low can be a pivotal moment for any stock.
These floors often mark either the beginning of a turnaround story or confirmation that a company faces serious headwinds.
The benchmark index tumbled more than 1,060 points before recouping some of the losses, as traders evaluate the future course of action with respect to the Trump administration’s tariff action.
Over the past 24 hours, XRP's (CRYPTO: XRP) price has risen 10.18% to $2.01. This continues its positive trend over the past week where it has experienced a 1.0% gain, moving from $1.97 to its current price. As it stands right now, the coin's all-time high is $3.40.
