Will XRP Fall Below $2?
Fears are now ripe that Ripple’s native token XRP could fall below the $2 range. The cryptocurrency market is facing a new round of turbulence after Bitcoin fell to the $112,000 level on Monday. The dip sent shockwaves across the market as leading altcoins turned red within minutes. XRP plunged close to 6% in the charts, falling to a low of $2.70 in the day’s session. The last time it fell to this low was in August, and it plummeted after climbing above the $3 range. Also Read: From $10 to $25: XRP’s ETF Era May Be Near, Analyst Quips Source: TradingView XRP: Ripple’s Native Token To Fall Below $2 Next? Source: Coin Edition Ripple’s XRP might not fall below $2 this year, as Bitcoin has a strong backing from institutional funds. While BTC could experience sell-offs and liquidation this year, the scale of the dump is not on a massive scale like it was previously. The cryptocurrency market is in a better position than ever before, with backing from the US government...