The XRP cryptocurrency issued by Ripple is experiencing a stagnant moment that keeps investors in suspense. After reaching the important psychological level of $3, the assets lost their impulses and were unable to integrate new increases.
Long-term investors have been taking advantage of the recent rise in XRP, causing the profit-taking stage. This behavior, common after meetings, pushed downward prices.
Analysts at Elior Manier point out that XRP moves within bearish channels. This shows a technical pattern where the price between the two descent lines is the range of two descent lines, as seen in the following graph.
The price is currently estimated at $2.80 and is struggling to stay in the support zone between $2.60 and $2.70, with some buyers taking part in protecting this level.
If you get this support, Manier warns that XRP could drop to $2.20.. Below, $2 represents a psychological level, a round price where investors monitor the emotional impact on market decisions.
On the resistance side, the 50-period mobile average and $3 pivot served as barriers in the 4-hour framework at $2.80, with the recent historic maximum of $3.65, reaching July 18, showing the current roof.
Signs of possible XRP rebound
Meanwhile, analysts from the TrainingView community, identified as “Tr8dingn3rd,” offer a more optimistic vision. This analysis uses “white branching.” If the impulse returns, project a bullish trajectoryas seen in the graph.
According to analysts, the price is stable at L-MLH (lower line), a lower line within the channel that serves as dynamic support reflected in current lateral movement. This level, along with the “yellow CIB” (dotted line), has stopped or reversed prices in the past, confirming its technical relevance.
However, the red descending trend line represents current sales pressure. This analyst explains that, If XRP breaks this line, the buyer can take control and trigger a rally.
However, the upward scenario warns that it relies on prices not below the key support of $2.50. If this occurs, the analysis will be invalidated and XRP will face a larger fall. This $2.50 level acts as a “stop loss.” This is the point where traders limit their losses if the market moves against forecasts.
While Manier sees it being gradually fixed within the bear channel, Tr8dingn3rd suggests that if XRP exceeds sales pressure, it may be preparing for a bullish movement. Both agree with the importance of a support level of $2.50-$2.70.
Basic Catalysts on the Horizon
Despite technical pressure, the basic factors can boost XRP. The possibility of the US Securities and Securities Commission (SEC) accepting ETF requests in XRP cash is a point of optimism.
These ETFs are regulated They will open the door to the facility’s capital and increase the visibility of the XRP Among traditional investors, it could potentially cut its price.
Furthermore, as expected, reductions in U.S. Federal Reserve interest rates could be bullish. This is because looser monetary policy will lower debt and encourage investment in risky assets such as cryptocurrencies, which will provide greater returns than treasures.
Ambitious predictions, but with nuances
Analysts are also divided into predictions. Jacobo Maximiliano, linked to Exchange Bitget, stipulates that XRP will reach $4.50 in this upward cycle, and will then fix it towards $2 before rebounding at $7 as reported Cryptootics.
According to Maximiliano, this set-off is part of a long-term bullish trend. In contrast, Easya Co founders Dom and Phil Kwok Brothers offer a bolder vision, predicting that XRP could reach $1,000 by 2030.
This means a market capitalization of $59 billion, exceeding the value of gold and Bitcoin (BTC). Goals that are hardly achieved in the short or medium term.
Maximiliano focuses on the current upward cycle with expected set folds, and Kwok bets on long-term index growth. Given the market size required to maintain such a valuation, what generates skepticism?.
Structural criticism and risks
Not everything is optimistic. Researcher On-chain Zachxbt has a strong criticism of Ripple Company. XRP holders say they don’t donate value to the industry The project prioritizes the founder’s capital production.
He also pointed out the Ripple Foundation to reduce community resources.
Furthermore, the concentration of tokens in the hands of founders and key actors represents a significant risk. This centralization enables market operationsbecause mass sales of XRP by these entities can cause price collapse.
This structural factor strengthens ZachxBT’s concerns and adds uncertainty to the future of XRP, even when fundamental catalysts such as ETFS and rate reductions are embodied.