Ripple’s native token, XRP, is struggling to stay afloat in the indices, as the altcoin is now close to falling below the $1 mark. The altcoin is trading at $1.04 on Monday, and has reached a day’s low of $1.01. Another leg down from here will take the cryptocurrency to $0.90. The cryptocurrency has erased all the gains it generated in two years, making the concept of long-term holding a painful event.
Investors who took an entry position in the last two years are mostly underwater. Ripple’s XRP experienced a major decline since 2025, despite receiving an influx of investments through the institutional ETF route. In addition, the SEC dropping the case on Ripple did not help the altcoin remain steady in the indices. All of these are making traders remain doubtful about XRP’s prospects.
Also Read: XRP At $1 Is A Bargain: 3 Things To Remember
Is There a Bounce Back For Ripple’s Altcoin XRP?
Ripple has been forging new partnerships with leading banks, governments, and other financial institutions to bring the monetary system into the blockchain technology. However, XRP is disconnected from Ripple, and both run on different paths. The company’s revenue and cash stream don’t mix with its native token XRP, as that’s a coin in the cryptocurrency market, while Ripple is a company doing business as usual. This disconnect is proving costly for traders, as XRP is walking a separate path.
Not just XRP, the broader cryptocurrency market is also facing turbulence due to various macroeconomic factors. The US-Iran war has entered 122 days, with a bunch of talks and negotiations failing. Iran has also threatened a “complete halt” in negotiations if the US and Israel continue their attacks. Add to this, the market is reeling with the AI capex, and the spending is worrying Wall Street. All of these are affecting the market’s prospects, including XRP and other altcoins.
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