This coin is in the top 1 in the rating of coins that did not live up to expectations.
How everyone believed in it in 2018, when in 5 months XRP soared from $0.25 to $3.40 per coin. They started buying it up en masse. There was no one who was not interested in the price of XRP. It was a real Hype.
And how disappointing it was in the next 6 years.
The bull cycle of 2021 helped it rise only to 1.85 per dollar, but this did not really help investors who bought it for $3 three years earlier. In fact, it was already impossible for everyone who bought it in 2018 to sell it profitably and break even.
This was also confirmed by the next bull cycle in 2024. The coin was able to rise in price only to 65 cents and then immediately collapsed again to 50 cents. It is pointless to look for a rational reason. The market rejected it.
In the best case, if Bitcoin rises to $100,000, then the XRP coin will return to its $3.