The entire cryptocurrency market was painted red. Prominent altcoin, XRP, wasn’t spared from this downtrend. Ripple’s cryptocurrency witnessed a massive downfall over the past 24 hours. The latest drop brought the altcoin’s monthly losses to 30%. As the bearish month of February is about to end, the community has ambitious bets in March. Will XRP recuperate or carry its current trend onto the coming month is the real question.
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Looking Into The XRP Market
Throughout the last day, several assets registered double-digit dips. XRP followed a similar trend and dropped by 11.27% over the past 24 hours. At the time of writing, the altcoin was trading at $2.18. Earlier today, the asset was priced at a high of $2.49.
The XRP community was celebrating the fact that the asset had finally broken its seven-year-long curse and surged to a high of $3.39. Despite this, the altcoin failed to claim its all-time high of $3.84. With its current price, XRP is 43% below this peak. While the community has been upset about its fall below the $3 mark, the asset recorded a historic surge of 300% over the past few months.
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Will The Altcoin Register A New Peak In March 2025?
XRP investors are certainly in for a treat in March. The asset is expected to bring in notable gains in the coming month, according to data from CoinCodex. Analysts predict that the price of XRP will increase by 42.09% in March as compared to current values. The asset may average about $3.10. The highest that XRP will be priced at is $4.19. Lastly, the minimum price that the altcoin will be trading at is $2.32. The return on investment for Ripple’s cryptocurrency stands at 92.21%.
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