$XRP why xrp remains below 1$ ?
There are a couple of reasons why XRP's price is currently below $1 despite being a well-established project:
Regulatory Issues:
The main culprit is an ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC). The SEC alleges XRP is a security, not a currency, which has created uncertainty for investors and limited its adoption in the US.
Competition and Market Factors:
While XRP has potential in facilitating international payments, it faces competition from other cryptocurrencies and traditional financial institutions. The broader cryptocurrency market also plays a role - when Bitcoin and other major coins struggle, XRP tends to follow suit.
The decision to buy XRP depends on your risk tolerance and investment goals.
If you're a risk-averse investor: It might be best to wait for more clarity on the SEC lawsuit and XRP's regulatory standing.
If you're comfortable with high risk and believe in XRP's long-term potential: A small, strategic investment could be worthwhile.
