XRP Dropped Below $1 For the First Time Since 2024. But I'm Still Avoiding XRP Right Now.
The volatile token still faces formidable long-term challenges.
Overview
XRP (CRYPTO: XRP) briefly dipped below $1 on Aug. 11. The token hadn't dropped to that price since late 2024. But over the following two weeks, it bounced back to around $1.40.
That was a nice short-term gain, but XRP is still down more than 50% over the past 12 months. Let's see why it sank earlier this month, why it recovered, and why it's still not worth buying.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.