bullish

Future

Radar

Despite XRP’s sharp decline, losing over 80% of its value, the altcoin remains under the spotlight among investors and analysts. While technical indicators suggest XRP may face further losses, some experts have long-term targets as high as $15 to $115. According to Santiment data, growing interest in XRP is reflected in the rising number of active wallets, signaling potential for a recovery. 
<a href="https://www.qubetics.com/?utm_source=TNYR&amp;utm_medium=postBANNER" target="_blank" rel="noopener nofollow"><img loading="lazy" decoding="async" class="size-full wp-image-24541 aligncenter" src="https://www.turkishnyradio.com/wp-content/uploads/2024/10/Qubetics-is-728x90-1-1.jpg" alt="Qubetics is 728x90 1 1" width="728" height="90" title="Why is XRP Still on Investors' Radar Despite an 80% Drop? Analysts Weigh In 46"></a> 
<h2 id="mixed-market-sentiment-for-xrp-s-future">Mixed Market Sentiment for XRP’s Future</h2> 
One analyst, Northstar, questioned the optimism surrounding XRP, noting the crypto’s struggle to break above a multi-year descending trend line. He highlighted XRP’s current position, where it is testing support near $0.54 but still unable to decisively overcome resistance. Northstar believes a sustained bullish trend won’t be possible until XRP clears this crucial line. 
<img loading="lazy" decoding="async" class="alignnone size-full wp-image-26048" src="https://www.turkishnyradio.com/wp-content/uploads/2024/10/unnamed-2.jpg" alt="unnamed 2" width="1600" height="889" title="Why is XRP Still on Investors' Radar Despite an 80% Drop? Analysts Weigh In 47" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/10/unnamed-2.jpg 1600w, https://www.turkishnyradio.com/wp-content/uploads/2024/10/unnamed-2-768x427.jpg 768w, https://www.turkishnyradio.com/wp-content/uploads/2024/10/unnamed-2-1536x853.jpg 1536w" sizes="(max-width: 1600px) 100vw, 1600px"> 
Meanwhile, analyst Alan Santana pointed to the technical indicators, noting that XRP is showing bearish signals on daily charts. With indicators such as EMA144 and MA200 supporting a potential downtrend, Santana suggests XRP could see further declines. He also emphasized XRP’s lack of correlation with Bitcoin, which adds to the uncertainty surrounding its performance. 
<h2 id="optimistic-long-term-scenarios-remain">Optimistic Long-Term Scenarios Remain</h2> 
Not all analysts are bearish on XRP. Egrag Crypto offered a notably positive outlook, suggesting that once XRP reaches what he terms a macro bottom, it could rise to between $2 and $15. Egrag is even more ambitious in his long-term vision, suggesting XRP could reach $115 in a new cycle. 
Despite the varied analyses, Santiment’s on-chain data presents a more favorable view. The analysis firm observed a spike in active wallets on the XRP Ledger, with over 35,000 wallets participating in transactions in a single day and 3,858 new wallets created, marking a seven-month high. This activity suggests continued investor interest, which could support a price recovery.<img loading="lazy" decoding="async" class="alignnone size-medium wp-image-26046" src="https://www.turkishnyradio.com/wp-content/uploads/2024/10/chart9-1.jpeg" alt="chart9 1" width="1618" height="1200" title="Why is XRP Still on Investors' Radar Despite an 80% Drop? Analysts Weigh In 48" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/10/chart9-1.jpeg 1618w, https://www.turkishnyradio.com/wp-content/uploads/2024/10/chart9-1-768x570.jpeg 768w, https://www.turkishnyradio.com/wp-content/uploads/2024/10/chart9-1-1536x1139.jpeg 1536w" sizes="(max-width: 1618px) 100vw, 1618px"> 
XRP currently trades at around $0.5161, fluctuating between $0.5104 and $0.5184 over the past 24 hours, indicating a phase of consolidation. With a <a href="https://www.turkishnyradio.com/staking-market-cap/" target="_blank" rel="noopener">market cap</a> of $29.3 billion and a fully diluted market cap of $51.6 billion, XRP maintains robust interest despite trading in a limited range.

Why is XRP Still on Investors’ Radar Despite an 80% Drop? Analysts Weigh In

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