Stronger

bullish

<ul class="wp-block-list">
 <li><strong>XRP 20% dip hints at potential bullish reversal signals.</strong></li>
 <li><strong>Market trends suggest whales accumulate amidst price correction dynamics.</strong></li>
</ul>
<p>XRP has experienced significant volatility over the past week, dropping 21% from its seven-year high of $2.90 recorded on December 3. The token’s price plummeted to $2.16 earlier today before stabilizing at $2.06, reflecting a 12% decline from its intra-day high of $2.49. Despite the bearish trend, trading volume surged by 99%, indicating heightened market activity.</p>
<p>Whale transactions have added intrigue to the unfolding narrative. In the last 24 hours, a major transfer of 34.9 million XRP worth $84 million between unknown wallets caught the attention of analysts and traders. Whale activities like these often signal upcoming market <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow">shifts</a>, fuelling speculation about XRP’s potential trajectory. Notably, recent whale accumulations of approximately 120 million XRP tokens, valued at $288 million, suggest confidence in a price recovery.</p>
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 <figure class="aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfTBsH6SyO2RvpzByxglAt7cqJwiqwuUOeejBb1nr-CFvVQeb8yo1PNNJqaj6EB_LxfHIID39W28q8nCC3vZ4KHkSO0tRosK67nv3SeeEpCqS_x61gSHCK--r33Ws5f6HUQ1sjq?key=ph9OeCzG7VyXcWVDwawSHGFt" alt="">
 </figure>
</div>
<p><br>Meanwhile, technical analysis highlights XRP’s consolidation between $2.17 and $2.70, with projections of a potential breakout. Analysts foresee a possible retest of the $2.25 resistance level, with bullish scenarios targeting $4.40 in the coming weeks. Some optimists predict an even more dramatic rally, projecting prices between $4.30 and $6.40 or a surge to $13 by 2025.</p>
<p>The token’s performance mirrors past cycles, with some comparing its current trends to the 2017 bull market. On-chain activity supports this optimism, as XRP Ledger (XRPL) adoption surged, with active addresses climbing to a 33-month high of 108,771. And transactions have increased by 190% over the past month.</p>
<h3 class="wp-block-heading" id="h-legal-and-policy-impacts">Legal and Policy Impacts</h3>
<p>XRP’s price outlook remains intertwined with Ripple Labs’ ongoing legal battle with the U.S. <a href="https://thenewscrypto.com/are-solana-spot-etfs-doomed-under-the-current-sec/" target="_blank" rel="noopener noreferrer nofollow">SEC</a> Speculation about an extension request for the January 2025 appeal deadline adds uncertainty. Meanwhile, the appointment of David Sacks as the “White House AI &amp; Crypto Czar” has sparked hope that favorable policy changes could bolster <a href="https://thenewscrypto.com/ripple-ceo-brad-garlinghouse-calls-for-clear-regulation-on-60-minutes/" target="_blank" rel="noopener noreferrer nofollow">Ripple</a>’s position.</p>
<p>Moreover, XRP’s near-term movements are uncertain, its combination of whale activity, rising adoption, and technical <a href="https://in.tradingview.com/symbols/XRPUSDT/" target="_blank" rel="noopener noreferrer nofollow">momentum</a> has led to cautious optimism. Analysts and investors will closely monitor developments as they anticipate a possible return to all-time highs.</p>

Will XRP Bounce Back Stronger After a 20% Decline?

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TheNewsCrypto

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