TL;DR

• XRP’s inability to overcome a crucial resistance could spell further trouble for the token, which has already retraced quite a bit after its July all-time high of $3.65.
• In the meantime, the community is split about the asset’s potential and overall value.

After managing to do what many considered impossible in July and set a new all-time high at $3.65, Ripple’s cross-border payments token failed to maintain its momentum and slipped below $3 within weeks, perhaps driven by some profit-taking.

TL;DR

• XRP’s inability to overcome a crucial resistance could spell further trouble for the token, which has already retraced quite a bit after its July all-time high of $3.65.
• In the meantime, the community is split about the asset’s potential and overall value.

After managing to do what many considered impossible in July and set a new all-time high at $3.65, Ripple’s cross-border payments token failed to maintain its momentum and slipped below $3 within weeks, perhaps driven by some profit-taking.