On December 20, 2020, Ripple ($0.528629) faced an SEC lawsuit, causing XRP to plunge below $1, where it has mostly remained. Despite this, analysts remain bullish, anticipating a potential return above $1.

EGRAG CRYPTO remains optimistic, predicting a "BIG MEGA RALLY" for XRP. Crypto Michael suggests XRP could see a sharp rise if it breaks $0.55, while Amonyx emphasizes patience as key to investing in XRP.

Currently, XRP trades at $0.5292 after a 0.12% rise in the past 24 hours, despite a 5.36% drop over the past week. Its market cap stands at $29.8 billion, with a trading volume of $491 million.