XRP (Ripple) Is Down 34%. Should You Buy the Dip?
XRP soared 255% after Trump’s election victory but has since fallen 34% below that peak. Does this crypto dip represent a buying opportunity or a value trap? Here’s what you need to know.
The XRP (XRP -0.77%) cryptocurrency reached a multiyear record price of $3.31 per coin in January 2025. By May 30, the coin had retreated 34% to $2.18 per coin.
So XRP investors face a dilemma: Is the cryptocurrency a no-brainer buy at these lower prices, or will the price drop continue? Here’s how I see it.
How XRP soared in the winter
Two events boosted XRP’s market price from November 2024 to January 2025. Together, they supported a third event with game-changing potential.
- The Trump…
