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Don't Buy XRP Until This Happens

TheMotleyFool

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Don't Buy XRP Until This Happens: https://g.foolcdn.com/editorial/images/856088/xrp-image.webp

In late 2024, an altcoin called XRP (CRYPTO: XRP) started to experience unprecedented buying activity. When this type of behavior manifests in the cryptocurrency landscape, it's usually because day traders have identified the newest meme coin to manipulate.

That wasn't exactly the case with XRP, though. The cryptocurrency has been around since 2013, which is an eon in this sector. Besides, the token's surge from $0.50 to $2.00 during the final months of 2024 was fueled by legitimate catalysts.

Let's take a look behind XRP's meteoric rise toward the end of 2024 and its subsequent fall over the last six months. From there, I'll outline some key points investors should consider before buying XRP.

Source Fool.com

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