Could XRP Fall Below $1?
If you're thinking about investing in XRP (CRYPTO: XRP), there's good reason to be nervous. The world's fifth-largest cryptocurrency is down 22% to start the year and has declined a whopping 60% from its 52-week high of $3.65. Currently, XRP trades for just $1.47.
If XRP is going to make a move higher, the time is now. Unfortunately, that doesn't appear likely, especially with market bellwether Bitcoin (CRYPTO: BTC) down big. Far more likely is the prospect of XRP dropping below the psychologically important $1 price level.
For much of its history, XRP has been a sub-$1 crypto. That's the painful reality. Just take a look at a long-term chart of XRP. Yes, there have been a few spikes above the $1 mark. But there have been long stretches when XRP traded for less than a buck.
Source Fool.com
