Don't Buy XRP Until This Happens
Back in 2024, XRP (CRYPTO: XRP) looked like a great investment. Parent company Ripple Labs was wrapping up its long-running legal troubles, and the election results pointed to a more crypto-friendly administration. And XRP traded at just $0.70 per coin in early November that year, making its total market value a fairly modest $41 billion.
Things changed at that point. XRP started to skyrocket, soaring to $2.70 by Dec. 2 and $3.30 in mid-January 2025. At that point, XRP was a crypto giant. With a market value of $182 billion, only Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) had a larger footprint.
That jump was too much, too fast. XRP was priced for absolute perfection, leaving little room for further gains and a steep downside. The coin was no longer a top choice, in my view.
Source Fool.com
