The past few days have not been easy for Ripple and its native XRP asset. A lot of market volatility has ensued for no apparent reason. It seems unlikely XRP will hit $0.4, although returning to $0.5 has been a very big struggle. For now, it seems the status quo near $0.45 will remain in place.
It is quite interesting to see how different cryptocurrencies and assets respond to the current market conditions. Considering how Bitcoin remains in the red, it seems safe to assume all of the other markets will continue to struggle as well. This also has a negative impact on the current XRP price, which remains stuck in the $0.45 range for quite some time now.