XRP’s price tumbled 2% to $2.43; trading volume jumped 40% to $5.49B. ETF chatter aside, investors remain skeptical, and XRP remains at square one. Experts are divided on whether XRP will sink to $1.37 or stage a recovery anytime soon.
XRP’s been moving like a snail lately, even with all the ETF hype. Market guru EGRAG CRYPTO dropped some truth bombs on X, saying XRP could tank 54-59% (hello, $1.37!) before bouncing back. But not everyone’s doomposting—Dark Defender spotted a key Fibonacci level at $2.4467 and an oversold RSI, hinting at a potential comeback.
YOU MIGHT ALSO LIKE: MicroStrategy Acquires 7,633 More BTC, Boosting Total Holdings to 478,740
Also, the XRP is overextended as the RSI stands at 39-odd, near oversold. Further, XRP has retreated by 29% from January high of $3.39. On futures, Open Interest nosedived from $7.86B to $3.5B – very bearish. Whatever said and done, big-brain analysts would keep believing – XRP ETF discussions are very on and rumored to reach the US Strategic Reserve at $5.
YOU MIGHT ALSO LIKE: Crypto Hesitation: Only 30% of Institutional Traders Eye Investments
