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Analyst claims XRP may never recapture $1.00 as its underlying health degrades

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Analyst claims XRP may never recapture $1.00 as its underlying health degrades

In the time following the insane crypto market bull run in 2017, XRP has consistently been one of the worst-performing assets, seeing a notable 40 percent decline in 2019 while failing to track the full extent of the aggregated market’s uptrend throughout 2020.

Analysts are now noting that the cryptocurrency could be positioned to see further underperformance in the months and years ahead, with one going as far as to say that the token may never break above $1.00 again.
This comes as the crypto sees declining institutional demand, per data from Ripple’s quarterly token sales report.

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