Here’s What’s Stopping XRP Move From $0.50 to $1
Market commentators highlight various factors hindering XRP from reaching $1, including negative sentiments and the Ripple v. SEC lawsuit.
Over the weekend, XRP dipped below the $0.50 level, reaching $0.4930. This breach of a key psychological threshold follows a broader correction in the crypto market after last week’s gains. The previous week’s bull run gained momentum when Bitcoin surpassed $73,000 for the first time in seven months.
However, XRP lagged behind the bullish frenzy, peaking at only $0.5300 last week. Yet, as the market entered a correction phase, XRP followed suit. With XRP persistently trading below the $1 mark despite occasional market-wide swings, many have continued to wonder why this level has proven difficult…
