Ripple’s cross-border token has performed quite poorly over the last week, dropping by more than 7%.
It just dipped below the psychological level of $1.00, and the analysts are split: some see this as a great buying opportunity, while others have declared the asset dead.
A Deeper Plunge Ahead?
Somewhat expected, XRP’s pullback to a 21-month low has infused panic across the community, while the pessimists have become more vocal. X user Crypto Bitlord, for instance, claimed that the asset is “basically dead,” adding that it has no future and “someone needs to fork it.”
Source: CryptoPotato
