- XRP price signals potential further downside, possibly 24% drop.
- Large institutions observing market conditions, impact anticipated.
- No official statements from Ripple leadership on the scenario.
XRP’s price could decline by 24% as Bollinger Bands indicate further downside, with the asset trading below crucial support thresholds.
Institutional activity and technical indicators are driving this potential drop, lacking official commentary from Ripple leaders while sector ramifications remain speculative.
Analysis of XRP’s Potential Downtrend
XRP’s price is indicating a potential decline of up to 24% as per Bollinger Bands analysis. Currently, trading below key support levels, XRP has shown signs of bearish trends with no significant leadership interventions reported until now. No statements from Ripple’s executives were available concerning the drop. Institutional entities like Evernorth have accumulated large volumes of XRP, possibly aiming to provide a price floor. Ripple Prime’s institutional platform launch remains unrelated to current price developments.
A possible 24% drop in XRP could impact its market value significantly. Large wallet activities suggest attempts to stabilize price, but Ripple’s recent $500M funding strategy seems unrelated to this particular downturn. Ripple’s funding initiatives aim at market legitimacy enhancement, though they show no direct relation to the potential price decline. XRP, being a major market cap asset, could have spillover effects but lacks official data support at present.
XRP’s historical trend in Q1 2025 showed a similar pattern, indicating a risk of repeated downturns. Despite past November gains, the current technical framework indicates continued selling pressure with no immediate leadership interventions. Historical data suggests potential multi-week slides after technical warnings. Analysts highlight the $2.40–$2.50 resistance zone as crucial for future trends.
XRP has dropped 14% in the past week, trading around $2.27, with analysts warning that a failure to reclaim the $2.40–$2.50 resistance zone could push the price toward $2.00,stated one crypto analyst. Core developers have maintained regular activity, indicating the bearish outlook is not fundamentally driven.
