Ripple

Bitcoin’s price plunged by over 3% to a monthly low of $85,300 as U.S. markets opened, dragging down the entire crypto market. Investors are now awaiting the U.S. jobs report for potential market direction.

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.

XRP is seeing a surge in positive sentiment on social media while the broader market stays divided. This is accompanied by consistent inflows into spot XRP ETFs and significant corporate developments at Ripple, making the asset a point of focus for investors.

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.

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.

XRP sees a significant outflow of 1.35 billion tokens from exchanges in two months, driven by whales moving to cold storage, while on-chain activity and trading volume surge, leaving the market poised for a potential breakout.

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.