$XRP the cryptocurrency linked to Ripple has been under pressure in recent weeks. The price hovers around $2.85, moving away from the psychological barrier of $3. But what's interesting is not just the price... it's the market sentiment.
Why is XRP falling?
Extreme bearish sentiment: According to Santiment, the level of negativity on social media towards XRP is the highest in six months.
Silent institutional accumulation: Historically, these peaks of pessimism have coincided with strategic purchases by major players.
Narrow technical range: $XRP is moving in a sideways channel, suggesting it is preparing for a strong movement.
What could change the course?
Approval of spot ETF by the SEC: This could drive the price up to $3.66, according to technical projections.
Tokenization of assets: Ripple is leading initiatives to use $XRP as a bridge between fiat currencies and digital assets.
Descending triangle breakout: Analysts see a possible 23% rise if the pattern is confirmed.
What can the investor do?
Do not follow collective fear.
Study technical patterns (RSI, MACD).
Take advantage of accumulation zones if support at $2.80 is confirmed.
Stay alert for regulatory news and institutional movements.
