🔥 According to U.Today Analytics: Depressing state of XRP

XRP has surely seen better days. Since the beginning of the year, while other cryptocurrencies were enjoying a bull run, XRP's value has actually dropped by about 15%, making it one of the weaker players on the market.

Its current price is moving at major support levels, suggesting it might be undervalued. The big question is whether this is the reset XRP needed to bounce back, or if it will continue to lag behind its peers. Right now, with the price sitting near the $0.45 mark, which has historically acted as a solid floor for the asset, it feels like XRP is at a crossroads.

Of course, there is always a possibility of a reversal. If we take a look at the chart, we can spot potential turning points for XRP. If the currency can collect enough buying support and start to rise, the immediate resistance to beat would be around $0.58. On the downside, if the price breaks below the current support at $0.45, it could plummet further.

XRP's price is cheap, and cheapness often does not correlate with value. It is going to take a solid shift in sentiment or resolution of its legal issues to bring buyers back. Until then, choosing XRP as your go-to asset might end up being problematic for your portfolio.