Ripple

XRP’s Velocity metric hits a yearly peak, indicating increased network activity despite market volatility, while the price battles between sellers and institutional buyers.

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.

Two analysts present bullish cases for XRP at key price levels, though bearish scenarios remain possible despite favorable market conditions.

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.

XRP’s price decline has pushed investor sentiment to ’extreme fear,’ a level that has historically been followed by significant price surges, despite recent whale selling and a lackluster reaction to new ETF inflows.

The new XRP ETF has seen nearly $900 million in inflows, setting records, yet the XRP price has declined to around $2.03. This contrasts with the price rallies seen by Bitcoin and Ethereum after their own ETF launches, leaving investors wondering what’s behind the divergence.

XRP is caught between two forces as whales dump 510 million tokens while institutional ETF inflows provide support. The price hovers around the psychological $2 level, with technical analysis suggesting more downside risk unless it breaks above $2.11.

Large holders, or whales, have offloaded over 510 million XRP in the past week, putting significant downward pressure on the price. Despite the launch of several XRP ETFs, the asset struggles to gain momentum, though analysts point to a potential breakout from a symmetrical triangle pattern.

A dollar-cost averaging strategy with €100 monthly investments in XRP over the past 18 months would have yielded an 86% return, demonstrating the power of systematic investing in volatile crypto markets.

Despite a sharp drop in social media sentiment around XRP and a 30% price decline over two months, market analysts point to historical patterns and technical indicators suggesting a potential price rally is imminent.