Today, XRP prices experienced a significant drop of over 10%, briefly falling below three dollars. This decline coincided with a broader collapse in the cryptocurrency market. Increasing tensions between the XRP community and Bitcoin 
$103,583 supporters have sparked speculation that Ripple’s native cryptocurrency could decline to two dollars. Despite these pessimistic forecasts, many experts maintain a long-term optimistic outlook, providing a glimmer of hope for the market.
Risk of XRP Price Decline
Today, XRP prices have dropped over 10%, reaching levels around 2.81 dollars. Experts forecast the cryptocurrency could slide down to two dollars in the coming days, further intensifying market speculation.
Experts Believe in XRP’s Future
EGRAG CRYPTO, a leading market expert, highlighted key support levels for XRP prices. The expert noted that XRP might drop to two dollars, referring to it as a “balance” level. However, they also expressed confidence in the long-term potential for the cryptocurrency’s rise.
EGRAG CRYPTO stated, “XRP could reach a balance at two dollars but has long-term upside potential.”
Additionally, EGRAG CRYPTO mentioned that after a sharp correction, XRP might target the 2.9-dollar level and then trend upwards towards 3.3 dollars. Once it surpasses the 3.3-dollar mark, they added that XRP could aim for five dollars in the short term.
Tensions Between Ripple and Bitcoin
The recent drop in XRP prices coincided with escalating tensions between Ripple 
$3 and Bitcoin supporters. Speculations arose regarding Donald Trump’s comments about the U.S. Crypto Reserve potentially being an XRP Reserve instead of a Bitcoin Strategic Reserve, fueling market speculation towards XRP.
Bill Morgan remarked, “The XRP community and Bitcoin supporters have been attacking each other for the last three days, with XRP and Bitcoin prices hardly moving during this period.”
These tensions have led to fluctuations in the values of XRP, Bitcoin, and other leading altcoins.
Market expert Ali Martinez indicated that XRP’s price is poised for significant movement. According to Martinez, the narrowing Bollinger Bands on XRP’s daily chart signals an impending sharp increase or decrease in prices.
Ali Martinez stated, “The narrowing Bollinger Bands for XRP could herald significant price movement.”
Investors are advised to anticipate substantial changes in XRP prices in the near future. Furthermore, ongoing developments in the lawsuit against Ripple are expected to have a significant impact on XRP prices as well.
Market participants are proceeding cautiously ahead of the Federal Reserve’s interest rate decision, with both positive and negative factors influencing XRP’s future. These dynamics surrounding XRP prices and the overall cryptocurrency market play a crucial role in shaping investors’ strategies, with experts’ long-term optimistic expectations serving as a stabilizing factor despite short-term volatility.
