$XRP
#XRP is trading around $1.40 – $1.41 USD, slightly down in recent sessions. �
CoinMarketCap
The token has been volatile, with periodic sell-offs and rebounds driven more by broader market moves than by XRP-specific news. �
Barron's
Recent heavy selling pushed XRP lower from recent highs, with a sharp drop when ~50 million tokens were sold in a short period. �
Morocco World News
📉 Market Sentiment & Technical Pressure
Analysts and firms like Standard Chartered have reduced price targets, reflecting caution about crypto risk appetite and rotation into other sectors like AI. �
FX Leaders +1
Technical support levels around ~$1.40 – $1.50 are key; breaking below could push it lower, while defending these levels may limit losses. �
FXStreet
📊 Institutional & Structural Factors
Institutional flows into XRP spot ETFs have been significant (over $1B+ inflows). This institutional demand helps create a baseline of support. �
Analytics Insight +1
Ripple is engaging in strategic acquisitions and regulatory positioning, strengthening the company’s infrastructure and appeal to institutions, even while price moves lag utility growth. �
Medium
🔮 Outlook & Predictions
Some models and analysts see possible upside later this year, with mild targets in the ~$2.5-$3 range if market conditions improve. �
24/7 Wall St. +1
Others emphasize near-term downside risk given macroeconomic pressures on crypto and low bullish conviction at current prices. �
24/7 Wall St.
🧠 What’s Driving the Current Situation
Bearish/Pressure Factors
Broader crypto risk-off sentiment and macro volatility. �
Barron's
Sell pressure and reduced retail activity in on-chain data