XRP Price Prediction: Can It Recover or Will Sellers Take Over?

XRP has recently experienced a surge in value, increasing by 177% over the past 30 days. However, this bullish momentum seems to be losing steam, with new data suggesting a shift in market sentiment. Sellers are beginning to overpower the bulls, and this shift could potentially threaten XRP’s price rally


Currently XRP is trading at $1.43 as per Coinpedia Markets data.



For a more detailed XRP Price Prediction and insights on XRP's next moves, check out our full analysis.

Seller Sentiment Takes the Lead

XRP’s Taker Buy/Sell Ratio, which is an important indicator of market sentiment, has dropped to 0.93. This ratio helps identify whether buyers or sellers are dominating the market. Typically, a ratio below 1 suggests a bearish outlook, with sellers in control. Currently, this is the case, and the selling pressure on XRP is evident.



The decline in this ratio suggests that many traders are cashing out their profits, which is driving the price down. As a result, XRP’s price has fallen to $1.42, a significant drop from its recent high.

Declining Network Growth Signals Reduced Demand

Another concerning indicator for XRP is the drop in Network Growth. This metric tracks the number of new addresses making their first transaction on the XRP Ledger. Typically, an increase in network growth reflects higher demand for the token, as more people are joining the ecosystem.

However, the latest data from Santiment shows a significant decline in Network Growth, which suggests reduced interest in XRP. This could further contribute to the selling pressure on the coin, making it more likely that its price will continue to drop unless something changes.

Technical Indicators Point to Bearish Momentum

On top of the declining Taker Buy/Sell Ratio and Network Growth, XRP’s technical indicators are also signaling bearish momentum. The Moving Average Convergence Divergence (MACD) on the daily chart has fallen into negative territory, further confirming the shift in market sentiment. When the MACD is negative, it suggests that sellers are in control, and this trend could lead to further price declines.

XRP Price Outlook: Potential for a Drop or a Rally

Given the current market conditions, XRP’s price could potentially fall to $0.92 if the bearish momentum continues. However, it’s not all bad news for XRP. If buyers regain control and demand increases, there’s also the possibility of a price rally, with XRP potentially climbing to $1.63.

A Crucial Time for XRP

The future of XRP’s price largely depends on whether sellers continue to dominate the market or if buyers manage to shift momentum. For now, the market is leaning towards a decline, but XRP’s fate remains uncertain. Traders and investors should stay vigilant, as the coming days will be crucial in determining the token's next move.

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