XRP currency has been exposed to many fluctuations during this year, but it can be said in general that its price increased significantly at the beginning of the year, and then declined at a later time. Cryptocurrency prices can be affected by many factors, both long-term and short-term
Cryptocurrency prices are constantly changing and subject to fluctuations, and can be affected by many factors, whether long-term or short-term. Among these factors:
- Supply and demand
Changes in the global market
- Changes in laws and legislation
- Changes in economic and political events
- Changes in blockchain technology
In general, cryptocurrency prices are affected by changes in these factors, and can change over a short period of time¹.