XRP Rebounds From Multi-Year Lows as Analyst Convinced Face-Melting Rally Is Still In Play
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Amid a broad crypto market selloff on Friday, Ripple's cross‑border token XRP plunged to $1.05, its lowest level in about 19 months, before swiftly rebounding. It traded near $1.20 earlier and is at $1.13 as of press time, up 5% on the day and having reclaimed key support levels, indicating a short-term recovery in token price and market confidence.
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The Friday market massacre didn’t leave any digital asset behind, including Ripple’s cross-border token, which plunged to $1.05 for the first time in about 19 months.
The asset has rebounded swiftly, though, and neared $1.20 earlier today, where it faced some selling pressure. Although it has slipped to $1.13 as of press time, it’s still 5% up daily and has reclaimed a few key support levels.
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