The crypto-market as a whole has had a good year. Any asset in the top ten would agree with this statement, but XRP is not one of them. While it remains seventh in the rankings, its April 2021 high of $1.966 has yet to be tested.
The price of XRP has dropped 14% from its swing high of $1.18 on October 16, tagging the downside trend line of the prevailing chart pattern. While Ripple (XRP) was on the verge of falling below $1, a key technical indicator suggests that the swing low may have set the temporary local bottom.
The crypto-market as a whole has had a good year. Any asset in the top ten would agree with this statement, but XRP is not one of them. While it remains seventh in the rankings, its April 2021 high of $1.966 has yet to be tested.
