XRP has been performing poorly compared to other large-cap cryptocurrencies, losing almost 30% of its recent gains and struggling to hold above $2. This is partly due to the anticipation of a monthly token unlock on January 1, 2025, which historically increases selling pressure. The recent interest rate cut by the Federal Reserve and increased market volatility have also added to the downward pressure on XRP's price. If XRP continues to follow its current pattern, it may not break above $3 until late February 2025, and any large-scale selling could push the price down to $1.58. However, if the crypto market shifts positively, XRP could rise to $3 and potentially reach a new all-time high above $3.31.
- Content Editor ( coinpedia.org )
- 2024-12-30
Why XRP Price is Going Down Today?