The Two Paths of XRP: A Tale of Triumph and Turmoil | by Saad Jameel | The Capital | Dec, 2024

The crypto world got a rude awakening this morning. I was checking my phone like I always do, scrolling through the market updates, when I saw XRP had taken another hit. A 5% drop overnight — not what anyone wanted to see, especially with the dollar flexing its muscles against the whole crypto market right now.

It’s wild to think that just a few weeks ago, everyone was popping champagne when XRP touched $2.90. Now here we are at $2.09, watching a 19% chunk of value evaporate like morning dew. Still, I have to point out the glass-half-full view: if it stays above $2, we’re looking at XRP’s best year-end close ever. Not too shabby when you think about it.

You should see the debates raging in the trading forums right now. I’ve been following these discussions all day, and it’s like watching a tennis match. The bulls are digging their heels in at the $2 mark, swearing it’s the line in the sand where XRP bounces back. But for every optimist, there’s a skeptic warning us to brace for impact, saying even $2 might not hold.

Looking at the charts though, it’s not all doom and gloom. XRP’s still hanging tough above its key moving averages, and if you zoom out a bit, it’s actually up about 5.47% over the last month. Not exactly a disaster, right?