At the time of writing, XRP is trading at around $0.60. In the past 24 hours, it has seen a 4% drop, which is in line with the crypto market’s overall sentiment at the moment.
While short term price predictions are difficult to make, it is likely that there will be some form of rebound for XRP in the near future. Factors that could lead to an uptick in XRP’s price include the recent news of MoneyGram’s plans to use XRP as a bridge currency, institutional trading activity, and increasing adoption of XRP’s use cases. Long term, many analysts and industry insiders remain bullish on XRP’s prospects, forecasting a bright future for the asset.
