CandleFocus Here’s What’s Stopping XRP Move From $0.50 to $1
2024-11-04
Author: Content Editor
The price of XRP dipped below $0.50 over the weekend, following a broader correction in the crypto market. Despite occasional swings, XRP has struggled to surpass the $1 mark. Uphold, a pro-XRP exchange, sparked a conversation about the reasons behind this. Speculations include inside manipulation, low transaction volumes, and negative sentiment due to donations made by Ripple's chairman and the ongoing SEC lawsuit. One commenter suggested that XRP's price could rise if listed against the upcoming RLUSD stablecoin. However, it remains unclear how this alone could trigger a bull run for XRP. XRP is currently trading at $0.5068 and would need to soar by 97.31% to reach $1 again.
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