Ripple Price Prediction: Will XRP Drop Below $0.60?

00 as per available data.

This week, the price of XRP has stayed firmly pinned between $0.62 and $0.61.

While this consolidation occurs, without its own major gains seen in other top-20 digital assets like Cardano (ADA) and Solana (SOL), it’s becoming clear that investor interest in XRP is dropping. Daily trading volume for Ripple’s XRP token has sharply declined over the last week, even as its price decreased.

A noticeable decrease in trading activity is often noticed alongside an asset compared to its competition, particularly when it against a backdrop of rising market prices.

so, given that other altcoins like Avalanche, Cardano, and Solana have experienced significant double-digit growth lately, retain their place unfavorably

Where prior peak values of $0.69 last checked, XRP now stands at $0.61 based on present stacks. If momentum fails to sway away from negative air, the Ripple asset could drop below the $0.60 threshold, with the next support level anticipated below $0.59 As recent 24 hour-trading volume growth indicate with volumes standing at $1.37 billion, state of affairs remain ambiguous nonetheless.

Robert Wilson author
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