Ripple’s XRP Is Finishing The Correction It Started a Year Ago: What’s Next?
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A year after XRP surged to a new all-time high following seven years of stagnation, the token has since endured a severe correction, losing $3 and $2 supports and collapsing to $1.01 during the late June–early July crash. Despite a small rebound to $1.07 at press time, XRP remains over 70% below last year’s ATH, signaling continued downside pressure on price, muted adoption and weakening market confidence in this crypto token.
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It was a year ago this month when the cross-border token stole the show, rode the bull train, and did what many thought was impossible: it broke its all-time high after seven years of pain and suffering.
Since then, though, the correction has been quite severe. XRP lost the $3.00 and $2.00 support levels in the following months before it collapsed to $1.01 during the late June and early July crash. Despite rebounding slightly to $1.07 as of press time, its price action remains highly depressed, struggling at over 70% below last year’s all-time high.
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