Ripple (XRP) Risks Dropping Below $2: Key Info Before Buying Dip
Ripple’s XRP token is on the verge of falling below the $2 mark. XRP last traded below $2 in early April of this year. The asset is down 2.6% in the daily charts, 7% in the weekly charts, 9.8% in the 14-day charts, and 13.4% over the previous month. XRP has still maintained some healthy gains over the last year, rallying 313.8% since June 2024. Source: CoinGecko Cryptocurrencies Slump Amid High Volatility Source: Watcher.Guru Along with XRP, the larger cryptocurrency market has also experienced a sharp dip over the last few days. The global crypto market cap has dipped 2.8% in the last 24 hours to $3.23 trillion. According to CoinGlass data, $651.21 million worth of assets were liquidated in the last 24 hours. Bitcoin (BTC) has fallen to the $101,000 level. XRP and the larger market dip are likely due to increased volatility arising from global geopolitical tensions. The US hit three Iranian nuclear sites, marking a significant escalation in the ongoing Iran-Israel conflict. Many ...