At present, the third biggest currency XRP is trading at $0.2286. A few days ago, it declined below the psychologically important level of $0.25.
This year, Ripple has been doing well with its market expansion. During the Swell conference in Singapore that took place in early November, the CEO Brad Garlinghouse announced that Ripple now has over 300 customers who are testing Ripple’s technology – xCurrent and On-Demand Liquidity (formerly xRapid).
One of those is the remittance giant MoneyGram, sending funds from the US to Mexico via XRP.
All this, including the Swell event itself, was expected to propel the XRP price. It did not happen, though, to the frustration of many XRP holders.
Now, a crypto trader @trader1sz predicts that the price of the coin may slide even lower and hit $0.135.