Bitcoin (BTC) 
$64,336 prices experienced a significant drop, diving deeply within just two hours and causing much worse impacts on altcoins. As of writing, the daily low has retreated to $120,574, resulting in losses exceeding $5,000 in the past 24 hours. However, Ripple (XRP) 
$1 is currently experiencing a familiar catalyst that previously led to substantial gains.
Ripple (XRP)
XRP Coin dropped below $2.88, finding support at $2.86. During Trump’s tenure, reaching even $1 was considered a dream, and legal issues were stagnant. Now, sub-$3 closures evoke panic, indicating the fast-changing nature of cryptocurrency conditions. XRP Coin stands at the brink of a significant movement. Echoing the panic seen in April due to customs tariffs, similar fear is apparent today.
Santiment’s on-chain data reveals that XRP Coin’s bullish-bearish sentiment dropped below 1 within two days, signaling a resurgence of fear comparable to April. Fear, uncertainty, and doubt (FUD) contrary to popular belief are signs of impending rallies. In April, a 25% drop preceded a 125% increase, exemplifying this trend.
XRP Coin Forecast
When retail investors are certain about price directions, a bottom or peak often approaches completion. Currently, amidst pervasive fear, continued panic among retail investors likely heralds a missed major rally. With fear peaking, “weak hands” sell at losses, while seasoned investors accumulate.
According to Glassnode, on-chain metrics reveal that investors holding 10,000 to 100,000 XRP consistently keep buying. Moreover, XRP Coin has seen the fourth largest inflow behind BTC, ETH, and SOL Coin this year. Institutional demand remains lively in ETP and trust products, indicating professional involvement.
While whales, professionals, and institutions eagerly accumulate, individuals selling may lead to potential price movement. Considering retail investors’ tendency for short-term emotional decisions, their actions might not align with optimal strategies. An ETF approval is anticipated soon, Ripple is expanding via new acquisitions, and they’re applying for a transfer agent license with the SEC. With the Ripple lawsuit well behind, these factors point to a potential buying opportunity amid declines. Always conduct thorough research before making decisions to minimize regret from potential losses.
Peter Brandt notes that closing below $2.68 could push prices to $2.22, identifying $2.33 as crucial support. On the upswing, rallies could ascend toward $3.15, $3.6, and potentially $4.29.
