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Can XRP Bounce Back and Move Towards $0.60 Amidst Fear and Uncertainty?
Since its impressive run to $0.88, Ripple (XRP) has been hovering between $0.45 and the psychological $0.5 zone. One reason for this is the tightening liquidity, caused by the Fear, Uncertainty, and Doubt (FUD) currently in the market.
Another ground for XRP’s consolidation and decline could be the unpredictability around Ripple’s lawsuit with the U.S. SEC. XRP has lost 3.78% of its value in the last seven days. However, the token ranked as the sixth most valuable asset in terms of market cap, and was able to hold on to $0.48 at press time.