The massacre suffered by the cryptocurrency market in the past month is slowly easing. Ripple (XRP) has also been affected, but its performance is noticeably better than other assets in the market. XRP has only dropped 10% in the past 30 days, while assets like Shiba Inu (SHIB) have experienced a monthly decline of 30%, with particularly severe consequences. As of the time of writing, XRP has risen by 0.62% in the past 24 hours, with a trading price of $0.4752.
According to Changelly’s prediction, the cryptocurrency is expected to surpass the thresholds of $0.50 and $0.60. The highest trading price for XRP is $0.633, with an average value of around $0.565. However, some people also point out that the cryptocurrency could drop to $0.497.
Is it a good time to buy XRP now?
King Karan, the founder of Alpha Husky Club NFT, believes that anyone who overlooks the possibility of XRP integrating into the global financial system would be making a major mistake. However, Karan does not seem to emphasize the price of altcoins. He doesn’t care if XRP experiences a significant recovery in the next two years. He is confident in his diversified investments in various cryptocurrencies and believes that he will make money whenever XRP experiences a significant surge.
Compared to other assets in the market, XRP has more real-world use cases. It has proven to be useful for international payments. XRP’s retail spending soared by 42% in January. The altcoin has even been used to make 7,310 payments to companies in 113 different industries. This indicates that the asset is not solely dependent on market sentiment. Therefore, it is expected that XRP will eventually rebound, and buying during the dip now may yield returns.
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