XRP Price To Hit $0.55, Mark, With Extreme Price Volatility Soon

Bitcoin lost hold over its most crucial key barrier of $22,000, causing immense chaos in the crypto space. Along with Ethereum, several other altcoins have plunged. 

If bears manage to dominate the rally yet again, it will affect the whole crypto market negatively, along with Ripple’s XRP and other altcoins.

XRP Price To See Short-Term Rally Soon

Though Ripple’s native coin XRP has seen quite a good gain in the last few days, the currency is still sluggish.

During May, when the whole crypto market crashed along with Terra (LUNA), XRP lost its hold from the price level of $0.55 and has been hovering at a lower level ever since.

However, as per the latest data, XRP is all set to see a significant price push in the coming days, as there are many dead XRP tokens after several active wallets have pulled out from their holdings.

Many analysts and industry experts are expressing a bullish stance on Ripple’s native token, including ripple