The price of XRP, the cryptocurrency of Ripple, has been performing poorly in 2024. It started the year at $0.61 and has since dropped to $0.53. It experienced a slight increase in March to $0.74, but dropped to $0.38 in July before rebounding to above $0.65. However, it has encountered difficulties again, falling below $0.6 at the end of August. The current price of XRP is still 86% lower than its highs in 2017/2018 when it briefly exceeded $3.8. Despite recent victories against the SEC, the price of XRP has not significantly reacted. Some analysts believe that the narrowing Bollinger bands on the monthly chart suggest a surge in price is imminent, while others are less optimistic. Additionally, more than 43 billion XRP tokens are still held by the Ripple company.



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