When you look at the price of Ripple (XRP) today, it is once again at $ .30. It has been languishing around these levels for quite some time. On the other hand, when you check the levels of Bitcoin (BTC), it has moved from $ 3000-$ 5500. Ripple (XRP) on the other hand has been stuck around $ 30 for as long as one can remember. The question is why is ripple (XRP) lagging once again.
Why is Ripple (XRP) lagging once again?
Currently, it is launching xCurrent 4.0. Moreover, in this version of xCurrent, it allows clients to integrate xRapid as well. That is why the efficiency, as well as the speed of the solution, has increased manifold. It is one of the reasons why fundamentally, there are absolutely no problems with ripple (XRP).
Are there any technical problems with ripple (XRP)?
Ripple (XRP) is one of the most liquid cryptocurrencies. It is the 3rd most valued cryptocurrency as well. That is why the volumes required for it to cross the resistance is will also be on the higher side. The problem is that such volumes are not being generated. It is one of the primary reasons why it is not able to overcome resistance. Moreover, around three years back Ripple (XRP) was trading at half a cent. Considering the current price of $ .30 as well, it is appreciated by a significant amount. It seems like the consolidation in ripple (XRP) is going on for a long time as compared to the other cryptocurrencies.
Apart from the technical resistances, there is no other problem with ripple (XRP). If you are ripple investor, you have no other option but to wait it out. With the fundamentals improving, it is just a waiting game rather than anything being wrong with ripple (XRP).