XRP Has Pulled Back Sharply. Is Now the Time to Load Up?
Investors should be concerned that XRP is still languishing at the $1 price level.
Overview
What a difference a year makes. At this time last year, XRP (CRYPTO: XRP) looked like a cryptocurrency on the verge of going absolutely ballistic. XRP is now down 70% from those highs, and is trading dangerously close to the $1 price level.
If you're willing to adopt a contrarian mindset, though, could XRP be worth a closer look? After all, it's exactly the type of budget-priced cryptocurrency that could take off as soon as the next crypto bull market starts.
Details
For nearly five years, XRP had been under a cloud of regulatory uncertainty, thanks to a long-running legal battle between the SEC and Ripple, the company behind the XRP token. Ripple finally settled the case last August, and it looks like it's back to business as usual for Ripple and XRP.
Source
Originally published at www.fool.com.