How is XRP so cheap?

I'm a bit puzzled. I've been following the cryptocurrency market for a while, and I've noticed that XRP, which is supposed to be a pretty big and well-known coin, is priced relatively cheaply compared to some other major cryptocurrencies like Bitcoin and Ethereum. It even seems to be cheaper than some of the newer, less well-known coins. Can you explain why that is? Is there something I'm missing here? Is XRP really worth so much less than these other coins, or is there something else at play?