While Bitcoin (BTC) has hogged the majority of the mainstream limelight when it comes to the recent bullish action seen in the crypto market, the altcoin XRP has also surged over the past month, breaking out of a multiyear downtrend to regain some previously lost momentum. For example, in March, the price of XRP against the U.S. dollar was hovering around the $0.15 mark, only to scale up to a peak high of around $0.80 by the first week of December.
However, despite all of the aforementioned positive developments, the value of XRP has not been able to break past the psychological barrier of $1. Not only that, even with news of the upcoming Flare Network airdrop, for which a blockchain snapshot took place successfully on Dec. 12, the third-largest cryptocurrency by total market capitalization has not been able to make any major monetary strides and currently sits at around $0.50.
FLR airdrop indicative of something big for XRP?
What’s causing XRP to stagnate?
Ongoing bull wave may not be indicative of XRP’s future
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