Why is XRP price so low?

I'm curious about the reason why the price of XRP is relatively low compared to other cryptocurrencies. I've noticed that many other coins, despite having similar or even less advanced technology, are valued significantly higher. Could you explain to me why this is the case? Is it due to the competition in the market, or is there something specific about XRP that is causing its price to lag behind? I'm genuinely interested in understanding the underlying factors that determine the pricing of cryptocurrencies, and I would appreciate it if you could shed some light on this matter for me.