Ripple's XRP Price Hits 13-Year Low as Monthly Momentum Plunges

Ripple's XRP price has been steadily testing the $0.90-$1.00 support zone as its monthly momentum hits an all-time low of 13 years, according to a chart shared by Cryptollica.

This is not seen in any other year, including the crashes of 2014, 2018, 2020, and 2022 markets, which suggests that this move may be more than just another correction.

The XRP price has been trading between $1.00-$1.10 for many years, making it a key level to watch.

Ripple's recent investments in ZILO and Licuido are aimed at expanding regulated infrastructure on the XRP Ledger, which may eventually lead to higher network usage and more demand for XRP.