►It is predicted that XRP will fall below USD<b>0.60</b> according to a major analyst. According to a recent prediction from user X IncomeSharks, who has over 500,000 followers, XRP could face a significant price correction, potentially falling below the USD<b>0.60</b> mark. He noted that nearly half of the total supply of XRP is not in circulation, with Ripple holding <b>38.9</b> billion tokens in custody. "There is a reason why this space collectively despises this token because it is always going up and down," wrote IncomeSharks in the conclusion of his post on X. According to Weiss Crypto, the factors contributing to the recent rise of XRP include the anticipated regulatory approval for Ripple's RLUSD stablecoin and the potential launch of an XRP ETF. While the community is excited about the possibility of XRP's price reaching USD100, there are some who are skeptical about such an outcome due to the token's history of sharp declines. For example, in April 2021, XRP surged to nearly USD2, but ended up collapsing by almost 75% in just two months.
