XRP Price Stuck Below $2 as Analysts Predict Rebound

XRP's price movement has been stuck below $2 for an extended period due to lack of catalysts driving momentum in the crypto market.

Some investors are optimistic about XRP reclaiming $2 in the short term, but this is largely sentimental and part of the investment game.

On Tuesday, XRP was trading at $1.04, down slightly from Monday's $1.05, with a 22% surge in trading volume over the last 24 hours.

Data from multiple exchanges showed XRP had $1.63 billion in trading volume, with a market capitalization of around $65 billion at the time of writing.

Sampled cryptocurrency analysts anticipate a rebound, but capped the target price at $1.50, which is 43% above the current market price.