XRP has experienced a sharp fall in price due to a broader market correction, but some analysts suggest that it may have reached a generational bottom. The cryptocurrency retraced 42% from its monthly high, but has since rebounded by over 35%. Despite fears of further downside, analysts believe that XRP may not see its recent lows again for a long time. They point to past capitulations and market corrections that have marked generational lows for XRP, and suggest that the asset could repeat history and post significant gains in the future. The current market cap of the cryptocurrency market, excluding Bitcoin and Ethereum, has dropped, but analysts anticipate massive rallies similar to those seen in 2017. XRP is currently trading at $2.3995, down 6% from the previous day.



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