Maker

2024

Million

<p>The price of XRP, the cryptocurrency associated with Ripple, has seen a sharp 20% decrease this week, plunging from $0.74 to $0.61 in just 5 days. This significant pullback has left many in the XRP community questioning the token’s prospects, especially as other blockchain projects like Solana print new highs.</p>
<p><a href="https://twitter.com/WenMoonTok/status/1768474115747311779" target="_blank" rel="noopener noreferrer nofollow">@WenMoonTok</a>, a vocal XRP critic, expressed frustration tweeting “XRP’s utility has left us out in a desert by ourselves to die. Meanwhile everyone in SOL is getting rich off the great memecoin renaissance of ’24. Make it make sense. Frustrating.”</p>
<p>However, contrasting views point to underlying strength and bullish sentiment. <a href="https://twitter.com/MarketProphit/status/1768540151867752953" target="_blank" rel="noopener noreferrer nofollow">@MarketProphit’s</a> data indicates that both crowd sentiment and “smart money” indicators show bullish readings for XRP, suggesting potential for a rebound.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="468" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-634-1024x468.png" alt="" class="wp-image-452682" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-634-1024x468.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-634-300x137.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-634-768x351.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-634-1536x702.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-634-2048x936.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-634-328x150.png 328w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-634-100x46.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-634-766x350.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-634-788x360.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-634.png 700w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p><a href="https://twitter.com/Doctor_Magic_/status/1768543420694274276" target="_blank" rel="noopener noreferrer nofollow">@Doctor_Magic_, </a>an XRP analyst, views the latest dip as an opportunity to reload long positions. They have set a short-term target of $1.20 but expect XRP to break its prior all-time high in 2024, with momentum potentially carrying it even higher from there.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="641" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-635-1024x641.png" alt="" class="wp-image-452690" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-635-1024x641.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-635-300x188.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-635-767x480.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-635-1536x961.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-635-2048x1281.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-635-240x150.png 240w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-635-100x63.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-635-560x350.png 560w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-635-788x492.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-635.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p><a href="https://twitter.com/RalstonMax/status/1768492862394822770" target="_blank" rel="noopener noreferrer nofollow">@RalstonMax,</a> another XRP influencer, advocates trusting the long-term chart over taking cues from “riddlers” or “influencers.” Despite acknowledging the tweet may prove unpopular, they argue that XRP’s long-term candles look constructive and that “the market needs this pullback” before a continuation higher, proclaiming “We’re close.”</p>
<p>Amidst the polarized viewpoints, a key question emerges: How high could XRP climb in 2024 if the bullish projections prove accurate? While $1.20 has been floated as a nearer-term target, expectations of surpassing previous all-time highs imply XRP could potentially trade well into the $3-$4 range this year in an extended bull run.</p>
<p>As the Ripple saga continues to unfold and traders digest the latest 20% decline, keeping a pulse on evolving market sentiment will be crucial for those looking to capitalize on XRP’s next major move.</p>
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<p>The post <a href="https://captainaltcoin.com/ripple-market-sentiment-remains-positive-despite-another-20-drop-how-high-can-xrp-spike-in-2024/" rel="noopener noreferrer nofollow">Ripple Market Sentiment Remains Positive Despite Another 20% Drop – How High Can XRP Spike in 2024?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Ripple Market Sentiment Remains Positive Despite Another 20% Drop – How High Can XRP Spike in 2024?

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