The cryptocurrency market has seen a significant drop, but Ripple's token, XRP, has been among the worst performers. However, XRP has recovered by 20%, raising questions about whether it has bottomed out. Earlier this week, Ripple announced the launch of a stablecoin, which has had a positive effect on the price of XRP. Despite falling to $1.96, the token has recovered to $2.35. Analysts suggest that XRP may continue to rise.