XRP (CRYPTO: XRP) trades around $1.10 today.
That’s down close to 50% over the last six months despite billions of inflows into the relatively new spot XRP ETFs
So, what gives? And more importantly, is this a bottom, or is XRP heading lower? I think there’s further to fall — a lot.
That’s not because of anything Ripple, the company behind the token, is doing wrong — far from it. Ripple is executing about as well as any private crypto business out there. It has spent billions acquiring firms that push it deeper into traditional finance, and it keeps signing partnerships with major banks and financial institutions.