In the past month, the cryptocurrency market has experienced a massacre, and Ripple (XRP) has also been affected. However, its performance has been significantly better than other assets in the market. XRP has only dropped by 10% in the past 30 days, while assets like Shiba Inu (SHIB) have experienced a monthly decline of 30%, with particularly severe impacts. As of the time of writing, XRP has risen by 0.62% in the past 24 hours, with a trading price of $0.4752.
Changelly predicts that the cryptocurrency will surpass the thresholds of $0.50 and $0.60. The highest trading price for XRP has been $0.633. The average value of this asset is approximately $0.565. However, some have pointed out that the cryptocurrency could fall to $0.497.
Is now the right time to buy XRP? King Karan, the founder of Alpha Husky Club NFT, believes that anyone overlooking XRP’s potential integration into the global financial system would be making a significant mistake. However, King Karan does not seem to emphasize the price of altcoins. He is not concerned about whether XRP will experience a significant recovery in the next two years. He is confident in his diversified investments in various cryptocurrencies and states that he will make money whenever XRP experiences a significant surge.
Compared to other assets in the market, XRP has more real-world use cases. It has proven to be useful for international payments. Retail spending in XRP surged by 42% in January. The altcoin has even been used to make 7,310 payments to companies in 113 different industries. This indicates that the asset is not solely dependent on market sentiment. Therefore, XRP is bound to rebound sooner or later, and buying during the dip now may bring returns.
Read more: Cryptocurrency: 3 Top Coins to Buy If You Like XRP
