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Market Expert Shares Why XRP Is at Risk of a 56% Drop to $0.80

Elendu Benedict
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Market Expert Shares Why XRP Is at Risk of a 56% Drop to $0.80

Amid a wave of uncertainty in the crypto market, a recent analysis has identified the possibility of further XRP declines to multi-month lows.

XRP again failed to reclaim the $2 price level yesterday, as an early rally to an intraday high of $1.91 ended in a price rejection. It has since relinquished all gains to change hands at $1.86 at the time of writing.

Meanwhile, with a day left before the end of the year, XRP has not quite impressed. Specifically, it has corrected by over 40% from its July high of $3.66 and trades at a YTD loss of 19% despite a strong start to 2025.

XRP Risks Further Downsides

Nonetheless, there could be more downside risks, veteran analyst Ali Martinez identified in a recent X post. According to him, the coin could fall by 56% to $0.80, a price last seen over a year ago.

He didn’t just merely disclose this possibility; Martinez attached on-chain and technical analysis to back his speculations. Notably, his first point centers on the dwindling user activity on the XRP Ledger.

Martinez highlighted that network activity on the Ledger has cooled considerably, with daily active addresses falling to 38,500. It dropped 16% from 46,000 daily users earlier in December, signaling growing disinterest and a lack of participation in the XRP Ledger.

Furthermore, he identified selling pressure from XRP whales as a factor that could spur further downsides. Specifically, he cited an earlier analysis from December 27 showing that XRP held by whales has dropped by 40 million tokens, as these large holders are either taking profits or cutting losses.

Notably, this activity adds pressure to the token supply and weakens demand. Additionally, it dampens market sentiment, signaling a lack of confidence among large holders.

Key Support at Risk

Meanwhile, Martinez noted that XRP could break below a key support area if the selling momentum persists. Specifically, it could fall below the $1.77 demand zone, paving the path for further corrections.

XRP recently tested this support when it dropped to an intraday low of $1.77 on December 19. However, bulls stepped in to defend the area aggressively, putting off the sideways momentum.

However, should selling pressure continue to mount, the risk of losing the price level is not entirely off the table. A breach of the zone would see XRP fall towards the next crucial support level at $0.80, according to Martinez. The market analyst had identified this $0.79 support in an earlier analysis using the UTXO Realized Price Distribution (URPD) metric.

Interestingly, Martinez is only one of multiple analysts predicting further XRP corrections. For instance, Marcus Corvinus recently insisted that the bigger XRP picture remains bearish and lower prices would follow unless it sustains a channel breakout.

Gemini Exchange Says XRP Code on Live TV

Abdulkarim Abdulwahab
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Gemini Exchange Says XRP Code on Live TV

Gemini crypto exchange has joined the ongoing frenzy surrounding the unexpected, subtle display of the number 589 XRP on live TV.

This week, the XRP community lit up after a CBS News Bay Area segment on Times Square’s New Year’s Eve numbers appeared to highlight one of XRP’s most well-known symbols. The TV preview went viral as Gemini, MoonPay, and other major crypto voices joined the conversation.

Times Square Preview Triggers XRP Speculation

During the broadcast, officials showed the large New Year numerals for 2026 at Times Square. Presenters noted that the numbers are seven feet tall and said they contain 589 bulbs in total.

That detail quickly caught the XRP community’s attention. For years, “589” has been a symbolic number among XRP holders, tied to long-running memes, riddles, and price speculation.

Gemini, MoonPay, and Industry Voices Join In

The Gemini exchange amplified the moment by tweeting the video, saying that at some point, “it stops being so subtle”. An X user replied with, “First they laugh, then they…,” and Gemini responded, “XRP code on live TV.”

The reply reinforced the idea that the Times Square moment felt deliberately “XRP-coded” to many viewers.

MoonPay also shared the video, adding its own twist: “589 bulbs. Not 588. Not 590. The most XRP-coded NYE of all time.”

Caroline Pham, MoonPay’s former Acting Chair of the CFTC, reacted with a series of rocket emojis, which the XRP community interpreted as a bullish nod. Community members also noted that “589 bulbs is not a random thing,” calling it a deliberate signal.

Why 589 Matters to the XRP Community

The excitement around the number didn’t come out of nowhere. Earlier this month, the XRP community was already buzzing after Solana’s official account posted a single number: 589.

That post drew millions of impressions. For several years, the number 589 has been tied to mysterious riddles and has evolved into a symbol within the XRP ecosystem. Some view it as an aspirational price target, while others see it as a community identity. 

Even Ripple CEO Brad Garlinghouse has maintained an X follower count at exactly 589, adding to the mystique. MoonPay previously leaned into the trend by posting an image of an Apple Pay purchase for exactly 589 XRP

Dispute Emerges Over the Real Number of Bulbs

Meanwhile, amid the frenzy, an ongoing controversy has emerged. Many X users insist the bulb count was 594, not 589, citing Times Square’s official press release.

According to the official statement, the four numerals use a total of 594 LED pucks, with a detailed breakdown for each digit. 

Supporters of the XRP-coded narrative disagree, noting that before the official release, multiple dignitaries interviewed on CBS repeatedly referenced 589 bulbs during the live segment.

Meanwhile, the XRP Army sees the debate itself as part of the story. Whether miscount or symbolism, the Times Square moment once again showed how XRP narratives can capture attention.

Cardano Price Forecast for Dec 30: Can ADA Hold Above the $0.34 Floor?

Mark Brennan
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Cardano Price Forecast for Dec 30: Can ADA Hold Above the $0.34 Floor?

Cardano remains under pressure as bearish momentum persists, with traders watching whether the price can hold on to support.

Cardano (ADA) is under pressure heading into the new year, and its chart clearly shows bears firmly in control as prices slide lower. The price currently trades around $0.351, marking a sharp 7.2% decline over the past 24 hours. This move places ADA near the lower end of its daily range ($0.3495–$0.3784), signaling weak short-term sentiment.

From a technical perspective, immediate support may be forming near the $0.34 zone, which acts as a short-term floor. If this level fails to hold, ADA could see additional downside as buyers appear hesitant to step in aggressively at current levels. On the upside, resistance sits between $0.37 and $0.383, where multiple intraday rejections have occurred.

Looking at broader performance, Cardano has struggled across multiple timeframes, posting a 4.0% decline over the past 7 days and a steeper 7.9% drop in the last 14 days.

With ADA trading below key resistance and momentum leaning bearish, the next few sessions will determine whether support can stabilize price action or trigger deeper losses. Will Cardano find its footing, or is more downside still ahead?

Will Cardano Find a Footing?

Notably, Cardano’s technical indicators continue to reflect a bearish structure, with sellers maintaining control. The Supertrend indicator remains firmly above price action, currently near the $0.415 level, confirming that ADA still trades within a broader downtrend. 

Cardano 1-Day Chart
Cardano 1-Day Chart

This positions the $0.41–$0.42 zone as a major resistance area, where any short-term recovery attempts will likely face strong selling pressure. As long as the price remains below this Supertrend resistance, upside moves will stay limited and act as corrective rallies rather than true trend reversals.

On the downside, ADA is hovering near a key support zone around $0.340, which has acted as a short-term floor during recent consolidation. A clean break below this level could expose further downside toward the $0.33 region. 

Momentum indicators also lean bearish, with the True Strength Index (TSI) remaining in negative territory and showing sideways momentum. For Cardano to stabilize, holding above the $0.34 floor is crucial; otherwise, continued pressure below resistance may keep ADA vulnerable to further declines.

End of Cycle Accumulation?

Elsewhere, Cardano may be entering a late-stage accumulation period before its next major breakout, according to analyst Crypto4light. Specifically, he suggests ADA could trade sideways around a long-term demand zone that previously fueled past rallies, while remaining capped below a descending resistance line from the 2021 peak. 

A successful hold and breakout from this structure could shift momentum bullish again, with the potential to drive a strong upside move toward the $1.30–$1.95 range once accumulation is complete.

China to Allow Banks to Pay Interest on Digital Yuan in Adoption Push

Zabi
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China to Allow Banks to Pay Interest on Digital Yuan in Adoption Push

China’s central bank has made a major shift in its digital yuan strategy, marking a new phase in the evolution of the state-backed currency.

For the first time, commercial banks will be permitted to pay interest on digital yuan holdings, a move to boost adoption and bring the currency closer to conventional banking products.

The change was disclosed by a senior official at the People’s Bank of China (PBOC). It reflects a strategic recalibration following several years of pilot programs.

From Digital Cash to Digital Deposits

At the core of the overhaul is a redefinition of the digital yuan’s role. Specifically, rather than functioning solely as a digital equivalent of cash, the e-CNY will be treated as a form of digital deposit currency.

Lu Lei, deputy governor of the PBOC, wrote in the state-run Financial News that the revised framework will take effect on January 1, 2026. He added that the shift incorporates lessons learned from earlier trials. Consequently, these changes are intended to better integrate the digital yuan into China’s existing financial system.

Interest Payments and Deposit Protection

Under the updated framework, banks can provide interest on verified digital yuan accounts, with rates aligned to existing self-regulatory deposit guidelines.

Additionally, digital yuan balances will receive the same legal protections as standard bank deposits. Lu said these funds will be covered by China’s national deposit insurance scheme, thus placing the e-CNY on equal legal footing with conventional deposits.

The changes collectively reinforce the institutional foundations of the digital yuan. They also seek to bridge a long-standing gap between the e-CNY and conventional banking products.

Expanded Role for Financial Institutions

The reforms also adjust how financial institutions can manage digital yuan funds. Commercial banks will gain greater flexibility to incorporate e-CNY balances into their asset and liability operations, thereby improving integration with core banking activities.

By contrast, regulations for non-bank payment institutions will remain unchanged. Digital yuan reserve funds held by these entities will continue to be subject to a full reserve requirement. According to Lu, this framework remains consistent with existing rules governing customer funds.

Long Development, Mixed Adoption Results

The announcement follows nearly a decade of development. China initiated official digital yuan pilot programs in 2019. Since then, the initiative has positioned the project among the most sophisticated central bank digital currency efforts worldwide.

Despite sustained policy backing, adoption has been uneven. The digital yuan continues to face significant rivalry from well-established private services such as Alipay and WeChat Pay. Nevertheless, these platforms remain firmly entrenched in daily financial transactions.

Usage data reflects growing activity but limited dependence. By the end of November 2025, China had processed 3.48 billion digital yuan transactions. Moreover, the total transaction value reached 16.7 trillion yuan, or roughly $2.38 trillion, according to data cited by Financial News.

While the numbers indicate rising transaction volumes, they also highlight the challenge of achieving broad consumer reliance.

Push Toward Cross-Border Expansion

Alongside domestic reforms, authorities are stepping up efforts to expand the digital yuan’s international use. Last week, the PBOC stated that it would promote cross-border applications of the currency.

For instance, planned initiatives include a pilot program with Singapore. They will also see expanded cooperation on CBDC payments with Saudi Arabia, the United Arab Emirates, Hong Kong, and Thailand, according to the South China Morning Post.

Earlier this year, China also launched the e-CNY International Operation Center in Shanghai to support the yuan’s global outreach.

At the same time, Beijing has maintained a firm regulatory stance at home. While blockchain technology is encouraged, cryptocurrency trading and mining remain banned on the mainland.

Ripple CTO Acknowledges Cardano’s Midnight Amid 100x Scale Claims

Elendu Benedict
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Ripple CTO Acknowledges Cardano’s Midnight Amid 100x Scale Claims

Ripple CTO David “JoelKatz” Schwartz has acknowledged Midnight in fresh bromance with the Cardano ecosystem, further fueling partnership speculations.

The privacy-focused Cardano sidechain has not felt the spotlight since its native token, Midnight (NIGHT), debuted earlier in December. Notably, one of the major factors is the incessant discussion about its importance by Cardano founder Charles Hoskinson.

Yesterday, one of his comments on Midnight’s potential drew approval from Schwartz, one of the pioneers of Ripple and the XRP ecosystem. Following a request for approval, the Ripple CTO wasted no time in giving his nod to the imminent sidechain, breathing life into the prospects of a partnership between Cardano and XRP.

“I hereby acknowledge Midnight,” he said in a December 29 tweet.

Stamp of Approval for Midnight

The latest exchange began when an XRP proponent, “XRPcryptowolf,” highlighted Hoskinson’s recent statement that Midnight and XRP have scaled 100x beyond the traditional financial system amid an ongoing real-world asset (RWA) tokenization push.

For context, legacy institutions like BNY Mellon and State Street have joined forces on the Canton Network to facilitate tokenization. However, Hoskinson highlighted in the December 26 post that these firms don’t seem to learn, as XRP and Midnight have scaled 100x beyond their ambitions.

In response to “XRPcryptowolf,” another XRP community member noted that he just wants Schwartz to acknowledge Midnight before anything. A minute after the request, Schwartz granted it with the acknowledgment tweet.

Cardano Founder Reacts

Meanwhile, Hoskonson joined the conversation on December 30, sharing what again sparked partnership conversations between both ecosystems. “Love you man,” the Cardano founder said.

Hoskinson further shared a meme clip from the 2008 comedy Step Brothers, in which Will Ferrell asked his new stepbrother, John C. Reilly, if they had just become best friends. Notably, it showed an instant bond between the two characters, one that Hoskinson and Schwartz seem to share at the moment.

Beyond memes, the XRP and Cardano communities believe there’s something in the pipeline. Notably, both ecosystems have repeatedly teased this, with the recent bromance between the Ripple CTO and the Cardano founder fueling the narrative.

The involvement of Midnight further adds to the allure. Hoskinson had previously stated that Midnight would be a DeFi layer for XRP, and this possibility keeps strengthening with friendly interchanges between major stakeholders of the ecosystem.

Even prominent industry figure and U.S. attorney John E. Deaton commented on the exchange between Hoskinson and Schwartz. He called the duo “two incredibly smart minds,” adding it was a good way to end the year and start the next.

Tokenized RWA Value on XRP Has Grown 2200% in 2025

Sam Wisdom Raphael
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Tokenized RWA Value on XRP Has Grown 2200% in 2025

On-chain data shows that the value of tokenized RWA on the XRP Ledger (XRPL) has increased by an impressive 2,200% in 2025 alone.

The real-world asset tokenization theme, championed by BlackRock CEO Larry Fink and the SEC Chair Paul Atkins, dominated discussions across multiple crypto communities this year, and the XRPL is looking to benefit from the movement.

XRP Ledger Sees 23x Growth in RWA Value

Data from rwa.xyz confirms that the network saw a 23x increase in native real-world assets value, including stablecoins, this year, as it crossed the $500 million mark.

Specifically, at the start of this year, 2025, the XRP Ledger contributed little to the overall global RWA market value, featuring only $24.681 million on Jan. 1. Notably, the Ripple stablecoin RLUSD, which was only two weeks old at the time, accounted for most of this value, at $19.6 million. Meanwhile, $5 million came from the OpenEden TBILL Vault.

This figure saw a gradual increase in January until Archax Group’s Montis Group Limited debuted on the network, introducing $55.35 million worth of value and making up over 50% of the total $101.659 million RWA value as of Feb. 1. By April, RLUSD had grown to $94 million worth of value on the XRPL, pushing the total value above $200 million.

RLUSD Has Led Most of the Rise in RWA Value

Since then, most of the increase in total RWA value has come from the impressive growth of RLUSD, the rise in OpenEden TBILL Vault’s worth, and the introduction of new products such as the Ondo Short-Term US Government Bond Fund, as well as the US Dollar Fund from Aberdeen Investments.

Today, the total value of tokenized real-world assets on the XRPL sits at $567.89 million, representing a 2,200% increase from the $24.681 million figure on Jan. 1. Of the latest total, RLUSD accounts for $292.93 million, representing 51%. 

XRP Ledger RWA Value
XRP Ledger RWA Value

Meanwhile, the TBILL Vault from OpenEden represents the second-largest product, worth $61.458 million. Montis Group Limited ($55.239 million) and the USDB stablecoin from Brazilian fintech Banza Group ($44.134 million) sit third and fourth. Circle’s USDC, which launched on the XRPL in June, only holds a $9.37 million value on the network.

XRPL Still Lags Compared to Other Networks

However, while the XRPL has witnessed some noteworthy growth in RWA value this year, it still lags compared to other prominent networks despite being built specifically for the industry. 

Excluding stablecoins, the XRP Ledger hosts $213 million worth of distributed RWA value. Notably, this makes it only the ninth-largest network in terms of RWA value, behind Ethereum, BNB Chain, Stellar, Solana, and even Polygon. However, total value (featuring distributed and represented figures) for the XRPL sit at $487.61 million.

Top Networks by Tokenized RWA Value
Top Networks by Tokenized RWA Value

Nonetheless, the XRPL seems to be expanding, albeit at a slow pace, while networks like Polygon and Ethereum lose some of their value. Data shows that the XRPL has seen $72 million worth of value inflows over the past 60 days, while Ethereum and Polygon have respectively lost $84 million and $629 million within the same period.

Top Specialist Says Shiba Inu Will Shock Everyone and Reach $1 — But What About This Hurdle?

Lele Jima
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Top Specialist Says Shiba Inu Will Shock Everyone and Reach $1 — But What About This Hurdle?

Despite the excessive supply of Shiba Inu, a widely followed analyst argues the token could still shock the market and climb to $1. 

In a tweet, Szymanski, a crypto specialist with nearly 100,000 followers on X, revived the discussion around SHIB potentially reaching the $1 mark. He acknowledged that such a projection—especially by 2026—appears unrealistic at first glance.

“SHIB Will Shock The Market”

From a purely mathematical standpoint, a move to $1 would require an enormous market capitalization, largely due to Shiba Inu’s massive circulating supply.

Nonetheless, Szymanski set aside the supply argument and instead focused on what has historically driven SHIB’s price movements. Drawing on past market cycles, he argued that Shiba Inu does not trade solely on logic. Instead, he claimed the token thrives on belief, timing, and attention — forces that have consistently propelled meme coins during previous bull markets.

Additionally, he pointed out that critics have declared Shiba Inu “dead” in nearly every cycle, only for the token to rebound each time. According to him, SHIB’s chart continues to rebuild over the long term, forming higher levels while investor interest never entirely fades.

Based on this outlook, Szymanski suggested that although a $1 price target appears impossible on paper, it cannot be entirely ruled out within the context of meme-coin dynamics. He argued that when attention returns to Shiba Inu, its price could once again surprise the market, potentially pushing toward the $1 level.

Shiba Inu Massive Supply Poses a Major Challenge

Despite his emphasis on hype-driven momentum, many users pushed back against the projection, citing SHIB’s massive supply as a fundamental barrier to a $1 valuation. One user boldly asserted that Shiba Inu can never reach $1 because of its overwhelming token supply.

Although Shiba Inu has burned roughly 41% of its total supply since inception, the project still has an enormous 589.24 trillion tokens in circulation. As a result, a $1 SHIB price would imply a market cap of approximately $589.24 trillion.

This figure far exceeds the world’s estimated GDP of about $120 trillion and even surpasses the global money supply, which stood at about $142 trillion as of September.

Meanwhile, some supporters argue that aggressive token burns could eventually pave the way for a $1 price target. However, critics counter that such large-scale burns are unrealistic and unlikely to reduce supply enough to justify that valuation. The vast majority of SHIB tokens remain in the hands of investors, many of whom are unwilling to destroy their holdings.

Beyond supply concerns, skeptics have also highlighted broader issues within the ecosystem. These include the team’s continued anonymous leadership, allegations that some members promote non-ecosystem tokens, and a history of unfulfilled promises.

Together, these factors have fueled doubts that SHIB can sustain a meaningful long-term rally, let alone reach $1.

Uphold XRP to $1,000 Prediction, Expert Says — Just in Case You Never Saw This Before

Sam Wisdom Raphael
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Uphold XRP to $1,000 Prediction, Expert Says — Just in Case You Never Saw This Before

Jake Claver has spotlighted a previous commentary from top exchange Uphold, which presented a third-party prediction of an XRP four-digit price.

XRP has not fared well throughout Q4 2025 amid a broader market downtrend. Since October, XRP has collapsed 34%, losing the pivotal $2 psychological mark, as it currently trades for $1.87. At the current price, XRP remains on track to record its first yearly loss since the 2022 bear market.

Uphold Presents XRP Targets from Grok

Amid the current bearish conditions, price predictions surrounding XRP, which were predominantly ambitious earlier in the year, have become less bullish. Most recently, Ripple Bull Winkle, an XRP community pundit, revealed that Uphold shared an XRP price target of $9 to $13 for the 2025 bull market.

With only three days left in 2025, the chances of an XRP surge to this price range remain low, as this would require a 381% to 595% surge for the crypto asset. When other investors questioned the target, Ripple Bull Winkle suggested that the prediction could materialize in 2026, as the current 2025 bull run also extends to next year.

For context, Uphold did not particularly present this prediction. Instead, the crypto exchange also spotlighted it, exactly as presented by AI chatbot Grok. The Crypto Basic reported early this year that Uphold shared the $9 to $13 price target for XRP in January 2025, citing projections from Grok AI. 

Ripple Bull Winkle sought to remind the XRP community of the price prediction in his recent disclosure. However, Jake Claver, CEO of Digital Ascension Group, presented a contrary projection with a much more ambitious target, also ascribing it to the American exchange.

Claver Spotlights XRP to $1,000 Prediction

Claver called attention to a September 2024 post from Uphold, in which it asked investors what their next course of action would be if XRP ever claimed an audacious $1,000 price. Interestingly, Uphold’s September 2024 post was a reminder from the exchange of its original commentary in September 2020, when XRP traded for $0.25.

“Just in case you never saw this,” Claver told Bull Winkle. Notably, Claver has earned a reputation for his own bullish targets, especially the suggestion that XRP could reach $100 in 2025. However, again, Uphold did not particularly predict an XRP to $1,000 target. Instead, the exchange questioned what investors would do if it ever occurred.

Notably, both the $100 and $1,000 targets remain highly speculative for XRP at the current position. While XRP’s ability to reach these levels cannot be completely dismissed, the chances of hitting them this decade remain low. For perspective, XRP would need to rally by 5,247% to reach $100, and by a more substantial 53,375% to claim $1,000.

If You Hold 5,000 XRP, Here’s Its Worth If XRP Becomes Half as Big as Bitcoin

Lele Jima
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If You Hold 5,000 XRP, Here’s Its Worth If XRP Becomes Half as Big as Bitcoin

Holding 5,000 XRP today could translate into substantial gains if XRP grows to half of Bitcoin’s market cap.

Bitcoin has plunged sharply from its early October peak of $126,198, a level that pushed its market cap above $2.5 trillion. However, amid the broader market downturn, the flagship cryptocurrency has retreated significantly and now trades at $87,738, bringing its market cap down to approximately $1.75 trillion.

Even with this decline, Bitcoin continues to rank far ahead of major crypto assets such as Ethereum and XRP, whose combined market valuations remain below BTC’s. 

Nonetheless, while Bitcoin maintains its position as the undisputed market leader, investors often explore bold hypothetical scenarios. One such scenario imagines XRP growing to just half of Bitcoin’s market cap, a prospect that continues to spark discussion across the crypto community. 

Growth Required to Reach Half of Bitcoin Market Cap 

For context, XRP currently trades at $1.86, giving it a market capitalization of about $113.11 billion. As a result, it ranks as the fifth-largest cryptocurrency globally, trailing only BTC, ETH, USDT, and BNB.

Now, if XRP were to grow to half of Bitcoin’s market cap, its valuation would climb to roughly $875 billion, a level that would exceed the combined market caps of BNB, USDT, and ETH. To reach this milestone from its current $113.11 billion valuation, XRP would need to rally by approximately 673%.

Based on XRP’s circulating supply of about 60.6 billion tokens, an $875 billion market cap would translate to a token price of around $14.43. Notably, this level would mark a new all-time high for XRP, surpassing the previous level of $3.84. 

Worth of 5,000 XRP If XRP Grows Half as Big as Bitcoin 

Such a surge would not only elevate XRP’s market standing but also dramatically increase the value of investor portfolios, particularly for holders with sizable positions such as 5,000 XRP.

At the current price of $1.86, acquiring 5,000 XRP costs roughly $9,300. Notably, the same amount was worth about $7,650 in October when XRP dipped to $1.53. However, following XRP’s rebound from its October 10 low, investors would now need to commit the full $9,300 to build a 5,000-XRP position.

That said, the current cost becomes largely irrelevant if XRP eventually reaches half Bitcoin’s market cap. At a projected price of $14.43, a portfolio containing 5,000 XRP would be valued at approximately $72,150, representing a gain of about $64,500 on the initial investment.

Notably, this analysis remains purely speculative and does not guarantee that XRP will ever reach an $875 billion market cap. Meanwhile, several analysts continue to project a move toward the $14 price level. 

Earlier this month, Javon Marks suggested that XRP could outperform Bitcoin and reach that milestone. Similarly, in April, the pseudonymous analyst Papa hinted at a potential climb to $14. Adding a longer-term perspective, Changelly has proposed a timeline for such a rally, suggesting XRP could reach $14 by mid-2030, less than five years from now. 

Crypto Expert Says XRP Bigger Picture Remains Bearish: Here’s Why

Elendu Benedict
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Crypto Expert Says XRP Bigger Picture Remains Bearish: Here’s Why

Marcus Corvinus, a market expert and verified Binance KOL, has insisted that while a short-term XRP pump might ensue, the broader trend remains bearish.

Corvinus emphasized this in his recent X post, aligning with a recovery effort from XRP. From recent lows of $1.82, the coin has recovered over 4% to trade at $1.90, fueling optimism of a push to reclaim the psychological $2 price.

XRP In Clear Downtrend

Notably, XRP has held above a strong support level of around $1.82. Three recent attempts to break below this demand zone have proved abortive. For context, the first was its November 21 low of $1.82, the second was a low of $1.77 on December 19, and the last was its drop to $1.82 three days ago.

The analyst noted that this show of strength could drive an upward move in XRP in the short term. According to him, he would not be surprised if he saw the coin experiencing a relief pump from the current levels.

However, Corvinus does not yet see a sustainable uptrend for XRP. He noted that XRP’s “bigger picture” remains bearish, suggesting that any upward move would be a lower high formation as the descending wedge is in control.

Remarkably, XRP has been trending within a descending channel since its quick rebound from the October 10 crash to $0.77 on Binance. While bulls have defended the $1.82 support several times, this structure shows a clear downtrend and adds pressure to XRP’s price.

Decision Zone

Further, Corvinus emphasized that until XRP breaks and sustains above this descending channel, it remains in bearish territory. Any upside from here aside from this is barely a pullback.

An accompanying chart shows that XRP would need to rebound to $1.98 to breach the pattern’s upper trendline resistance. This places XRP in a decision zone, with its subsequent price action deciding what comes up next for the cryptocurrency.

XRP Descending Channel Trend
XRP Descending Channel Trend

If selling pressure subsides, XRP could see a sharp rebound. However, if XRP breaks below the $1.82 support, it could see further lows. 

Notably, several analysts have recently picked the latter for XRP, including BATMAN. He stated that XRP is slowly dying and predicted further downside amid multiple rejections at a crucial resistance trendline. Another analyst, Ali Martinez, predicted that XRP could see further declines, targeting $1.10 after losing a critical support level. 

Nonetheless, some others see the downside as a coffee break, insisting on a rebound. For instance, Steph Is Crypto predicted that XRP would soon begin its most hated rally ever.

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