XRP, Ripple Labs' native crypto token, is facing a critical phase as investors speculate whether the $2 threshold will trigger a bounce back or a further decline amid a bearish market trend. Stay tuned for in-depth analysis on XRP's current scenario.
Written by Thomas - Last updated on 01/10/2025 at 14:28 by Thomas
The Ripple XRP seems to be particularly affected by the current crypto market downturn. Currently trading around $2.25, this digital asset has experienced a drop of over 2.9% in the last 24 hours.
This decline is accompanied by a 20% decrease in trading volume, indicating reduced investor participation amid the prevailing uncertainty.
According to technical analysis, XRP is on the verge of breaking yesterday’s lows, signaling a bearish trend! If the crypto asset closes a daily candle below the previous one, it could drop by 8% to reach the $2 support level.
However, this level could serve as an interesting rebound point. Over a longer timeframe, Ripple’s crypto appears to show an uptrend. This decline is likely just a correction and a potential accumulation zone.
Despite the bearish context, some elements offer hope for XRP. This includes the recent meeting between:
For the crypto community, this is seen as a bullish sign.
Additionally, there is the potential launch of an XRP ETF this year. This would help stabilize the cryptocurrency’s price.
Moreover, the Paris-based market-keeping firm Woorton stated:
“We observe a bias towards buying XRP from our franchise this week, mainly from retail brokers and native crypto funds.”
These positive developments surrounding this crypto asset could support its price, despite the current weak market sentiment.
While XRP currently appears weak and likely to continue its downward movement in the coming days, long-term investors and crypto whales remain optimistic about this altcoin. They seem to continue accumulating tokens.
Despite the current situation, XRP could represent an interesting opportunity for savvy investors (especially considering the positive developments behind the scenes).
Caution is advised. The best tip is to closely monitor price movements in the coming days before making an investment decision.
⚠️ This article is published for informational purposes and should not be considered as investment advice. Crypto-currency trading involves risk and it is important not to invest more than you can afford to lose.
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Web editor for many years and SEO specialist, Thomas became an editor for InvestX when the site was launched. Passionate about the field of crypto and Web3, Thomas has made it his mission to deliver maximum value and introduce readers to the world of blockchains, considered for him as the world of tomorrow.
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