Why Is Ripple’s (XRP) Price Down Today Again?

TL:DR;

• Although most cryptocurrencies have turned red once again amid another market-wide retracement, XRP’s price has dropped by a bigger percentage than most and is shaky at $2.
• Analysts are speculating about the asset’s potential during this cycle and have outlined an important support level that needs hold; otherwise, XRP could plummet toward $1.

XRP rode the Trump-induced rally like very few altcoins did, going from $0.6 to a multi-year peak of almost $3 within a month or so. However, its run was halted at the beginning of December, and the asset failed to break above $3 and head toward a new all-time high.