XRP Price Seems Poised to Drop Below $0.3 Again

Although XPR is not a cryptocurrency by any stretch of the imagination, it still trumps most cryptos in overall market cap. Despite dealing with ongoing bearish market pressure, the XRP price seems to hold its own. With a current value of just over $0.30, there is no reason to despair. In terms of XRP/BTC, things aren’t improving by any means though.

Most traders and speculators remain confident the value of XRP will reverse course. More specifically, they expect an uptrend to materialize at some point. So far, that hasn’t happened as of yet, which is only normal. After all, it seems Ripple’s native asset closely follows Bitcoin’s price trend, for some unknown reason. It is this reliance on Bitcoin which continues to hurt the overall XRP value at this time.

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