Ripple

XRP’s price has dropped significantly, making it the worst performer in the top 10 this week. While one analyst spots a rare bullish signal, others warn of a potential fall to the $1 level due to large holder sell-offs.

While XRP’s price struggles near its yearly low, on-chain data shows increased activity from large holders, or whales. This accumulation, alongside key technical support levels, suggests a potential shift in market sentiment.

XRP is struggling around $2, but a TD Sequential indicator has flashed a buy signal. However, the bullish scenario depends on maintaining the crucial $1.90 support level, with potential upside to $2.50 if it holds.

Santiment analysis identifies XRP as the sole undervalued top-10 cryptocurrency, with an MVRV ratio of -6.1%, while Bitcoin and Ethereum remain neutral or overvalued. Despite quiet market conditions and stable derivatives data, Ripple’s developments, like its RLUSD stablecoin growth, could act as catalysts for XRP’s price movement.

Following the launch of several XRP ETFs, analysts are speculating about a significant price increase for the token. One analyst predicts a surge to $10 within a year, citing strong institutional inflows, while others draw parallels to the 2017 bull run.

Despite signals on the derivatives market that typically precede a rebound, XRP is struggling to attract buyers. The price dipped below $2, and both open interest and on-chain activity remain low, indicating a lack of confidence.

XRP experiences significant selling pressure with whales dumping 330 million tokens, while larger whales accumulate 350 million, as network activity declines and price finds support at $2.

New U.S. XRP ETFs have attracted nearly a billion euros in inflows within their first month, outpacing some rivals. However, the XRP price has yet to react, remaining stuck in a downtrend as analysts watch for a potential breakout.

Ripple raised €430 million from major Wall Street firms at a €34 billion valuation, but investors secured significant protections due to the company’s heavy reliance on XRP, which has declined over 40% since July.

A popular analyst has identified a chart pattern in XRP that mirrors its 2017 rally, suggesting a potential surge to $10. The pattern has reignited interest in XRP as market attention shifts towards altcoins.