The carnage inflicted on the cryptocurrency market over the past month is slowly easing. Ripple [XRP] suffered as well. But it performed significantly better than other assets in the market. XRP has only decreased by 10% in the past 30 days. With a 30% monthly decline, assets like Shiba Inu [SHIB] were particularly hard affected. At press time, XRP was up 0.62% over the last 24 hours, trading at $0.4752.
Changelly predicts that the cryptocurrency will surpass both the $0.50 and $0.60 thresholds. The highest price at which XRP may trade is $0.633. The asset will be valued at an average of around $0.565. However, it was also noted that there was a risk the cryptocurrency would go as low as $0.497.
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Is It the Right Time To Buy XRP?
It would be a major error, according to King Karan, the creator of The Alpha Husky Club NFT, for anybody to overlook XRP’s possible incorporation into the world financial system. But, King Karan doesn’t seem to stress the altcoin’s price. He doesn’t care whether XRP makes a big recovery in the next two years. He was confident in his diversified investments across several cryptocurrencies, stating that he would make money regardless of when XRP experienced a notable spike.
Compared to other assets on the market, the asset has more real-world use cases. XRP has shown to be useful for international payments. Retail spending on XRP soared by 42% in January. The altcoin was even used to enable 7,310 payments to companies in 113 different industries. This notes that the asset is not entirely dependent on market sentiment alone. Therefore, XRP could witness a rally sooner than later so buying the dip right now might bring about returns.
Also Read: Cryptocurrency: 3 Top Tier Coins To Buy If You Like XRP
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