What Makes Ripple (XRP) the Least Successful Cryptocurrency Among the Top 20?
Despite positive news including the end of a lawsuit for Ripple, the company behind XRP, the token has seen a significant loss in value. After a brief surge to $2.6 on March 19, the price dropped significantly, failing to regain momentum, even with the lawsuit closure confirmation.
Ripple's cryptocurrency has fallen below $2.1, a roughly 20% loss since March 19. This decline is more substantial than those seen in other top 20 cryptocurrencies, such as BTC, SOL, and ETH. One possible reason for this steep drop could be the recent activities of large market players, or "whales", who, after a period of accumulation, have started to dispose of significant amounts of XRP.