cryptd.in

Alternative LinkedIn pour les talents crypto-compatibles

XRP Warning: Why Ripple’s Price Could Plunge 23%

-

par

cryptd.in
en

The past months have not been kind to Ripple’s cross-border token, whose price is down roughly 65% on a yearly scale.

One analyst warned that it may soon fall well below the $1 psychological mark, while many others remain optimistic that a major rebound is coming next.

Going Further Down?

As of press time, XRP trades at around $1.08, which translates into a 4% weekly loss. According to X user Hamza, the asset’s recent decline has resulted in a breakdown from a critical symmetrical triangle that could lead to an additional pullback.

The analyst claimed that retail is still “bagholding on hope” while smart money had left and set a target of $0.836. At the same time, they said a potential rise to $1.16 would invalidate the bearish setup.

FOUR | Crypto Spaces also issued a pessimistic forecast, envisioning a plunge to $1.02, while Carl Hawley opined that XRP has shown “extreme weakness” on higher timeframes, making the asset the most oversold since COVID times. Usually, entering such a territory is a precursor to a resurgence, yet the analyst couldn’t predict the exact direction of the upcoming move, saying:

“Capitulation or opportunity? The next few weeks could be decisive.”

The rising number of XRP tokens stored on Binance suggests the bearish perspective is more likely. The figure has reached a nearly three-week high of approximately 2.62 billion coins, signaling that some investors have abandoned self-custody methods and moved their holdings to the exchange. This, in turn, increases the immediate selling pressure.

XRP Binance Reserves
XRP Binance Reserves, Source: CryptoQuant

The Bullish Scenarios

It is important to note that the majority of people making XRP predictions remain optimistic. X user MARMOT recently claimed that the asset is repeating the exact pattern from 2017, which led to a 60,000% explosion. They believe the path to the next bull run involves three different phases, envisioning an eventual ascent to a new all-time high of $13.

Celal Kucuker also chipped in, seeing compression, exhausted sellers, and asymmetric risk. In their view, if XRP breaks above its current structure, those who called for $0.50 may suddenly start calling for $10.

The most bullish forecast came from xrpl_Adam, who suggested that Ripple’s native token may become a $100 trillion asset in the future. As of now, it’s hard to imagine an explosion of that magnitude, given that the entire market capitalization of the crypto sector is around $2.3 trillion.

Le poste XRP Warning: Why Ripple’s Price Could Plunge 23% est apparu en premier sur CryptoPatate.

Commentaires

Laisser un commentaire

Votre adresse e-mail ne sera pas publiée. Les champs obligatoires sont indiqués avec *

Derniers fils

Catégories populaires

fr_FR Français
fr_FR Français en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

Recherche sur le site web

Histoires populaires

Tags

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (456) #BitcoinETF (3) #BitcoinFondamentaux (1) #itcoinHandling (1) #BitcoinPrix (5) #BitcoinPriceLevel (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #BitcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokens (1) #BTCacquisition (1) #BullishPrediction (1) #BullishSentiment (1) #ChineseMining (1) #CPIPreview (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRégulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoIncertitude (1) #DerivativeJump (1) #Dogecoin (74) #DogecoinGains (1) #DogecoinVolume (1) #utchCourt (2) #ECommerce (1) #ElSalvadorBitcoin (1) #Ethereum (74) #EthereumPain (1) #EPrix de l'argent (1) #ExpertOpinion (1) #FedRateCut (1) #FiatMonnaie (1) #Fimpact financier (1) #FinancierConfidentialité (1) #FirmShutdown (1) #FrozenAccounts (1) 1TP5FondsIllicites (1) #InflationData (1) 1TP5Investissement (1) 1TP5Perte d'investissement (1) #JapaneseFirm (1) #Action juridique (1) #Impact juridique (1) #Législation (1) #LightningNetwork (1) #MAnalyse de marché (3) #MSurveillance du marché (1) #MPrévision du marché (1) #MPrédictions de marché (1) #MProjection du marché (1) #MMarketSupport (1) #MVolatilité du marché (1) #M Mariage (1) #MemeCoin (5) #MemeCoins (2) #MinerProfitabilité (1) #M Blanchiment d'argent (2) #MtGox (4) #Corée du NordCrypto (1) #NovogratzPrédiction (1) #PriceMilestone (1) #P PrixPrédiction (2) #PriceQuestion (1) #PriceSurge (1) #PrisonSentence (1) #QuantAnalysis (1) 1TP5Pression réglementaire (1) #SECAntiCrypto (1) #ShibaInu (6) #SocialBuzz (1) #TAnalyse technique (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) #TornadoCashDeveloper (1) #UKCrypto (1) #UPotentiel (1) #USCongress (1) #WyomingLand (1) #XRPPrix (1) #XRPupswing (1)

Liens utiles

Liens que j'ai trouvés utiles et que j'ai voulu partager.