On Monday, June 23, XRP came close to breaking below the $2 mark for the first time in 12 weeks, dropping to just over $1.90 before recovering to around $2.03. The brief dip came as negative pressure returned to the broader crypto market.
This move followed a stable period that began on April 3, when XRP bounced back from a low of $1.60 and stayed above $2 for several weeks. Although it managed to recover, the drop has raised fresh concerns, with analysts once again discussing where XRP might go next as the market remains uncertain and unpredictable.
XRP’s Price Doesn’t Reflect Its Utility, Analyst Claims
In a recent update shared on X, Black Swan Capitalist co-founder Versan Aljarrah offered his take on XRP’s latest price dip, suggesting that the decline has more to do with overall market trends than any issue with XRP itself.
He noted that XRP still moves in line with the broader cryptocurrency market, which often overlooks its real-world applications and long-term objectives. This viewpoint reflects what many XRP supporters believe—that the coin’s value is usually influenced more by speculation than by its actual utility or progress.
In response to Aljarrah’s remarks, X user John Boardman shared a similar view, commenting, “True. We are just going through the motions until true utility is realized.” His statement reflects a feeling of patience—and growing frustration—within the XRP community, as many wait for the token’s practical value to gain wider recognition.
Supporters often argue that XRP’s price should be based on its real-world applications and long-term goals, rather than being pushed around by broader market trends. To them, the current market behavior fails to capture the full picture of what XRP is built to accomplish.
XRP’s Value Is in the Shadows, Says CaspianSpark
X user CaspianSpark highlighted a deeper perspective on XRP’s potential: “$XRP’s value lies in systems and adoption that often fly under the radar. The market may lag, but real leverage builds quietly, ready to unlock when understanding catches up.” His comment reflects a belief shared by many in the community—that meaningful growth is already underway behind the scenes, driven by real-world use and expanding adoption. While the market may be slow to respond, supporters remain confident that once awareness catches up, XRP’s true value will become much more visible.
XRP Recovers After Market Shake-Up
Tensions in the Middle East have led to a decline in prices in the global market, including the cryptocurrency market. After the U.S. bombed an Iranian nuclear site, people became worried about a bigger war. Oil prices rose, and many investors withdrew their money from crypto. Bitcoin fell to $98,000, and other coins like XRP, Ethereum, and Solana also dropped.
Even with the market falling, XRP held up better than some expected. It didn’t hit a new low and has climbed back to around $2.03, although it’s still down 3% for the day. Many XRP supporters see this as a sign the coin is staying strong during tough times.
Final Thoughts
Although recent global events and market uncertainty have impacted XRP, its swift recovery indicates that many still believe in its long-term potential. Supporters and analysts agree that XRP’s real value comes from how it can be used in the real world, even if the current price doesn’t show it yet. While the market may be slow to catch on, many believe that significant progress is already underway quietly in the background. They see XRP as more than just a trading token—it’s part of a bigger system being built over time. As awareness grows, many expect its actual value to be recognized finally.
