Ripple and the cryptocurrency XRP are facing speculative rumors about the possibility of the price dropping to $1.80, although there are no official warnings or comments indicating such risks.
This event highlights concerns about market stability despite no verified warnings from executives or regulatory bodies, as XRP faces significant trading activities and analysis.
Market Analysis
Ripple, under the leadership of CEO Brad Garlinghouse, has seen XRP drop from $2.25 to around $2.16 amid significant selling pressure. There has been no official statement or blog from the leadership indicating the risk of the price dropping to $1.80.
Brad Garlinghouse, the CEO of Ripple, stated: "There are no signs from Ripple's leadership indicating that XRP is about to face a collapse to $1.80."
Analysts suggest that the technical resistance level forms around $2.19, not mentioning any catastrophic sell-offs. Historical data shows a price trend decrease of 5–10% during sell-offs but lacks legal or regulatory catalysts.
The value of XRP has decreased due to increased trading volume, unrelated to new institutional sell-offs or changes in capital. Although forecasts indicate a lower threshold near $2.09, no panic sell-off has been recorded. According to an anonymous market analyst, "The current forecast maintains a lower threshold above $2.09 for XRP, indicating stable prospects despite recent selling pressure."
The basic stable factors, such as Total Value Locked (TVL) and liquidity pools, indicate no panic-driven volatility in other major tokens like BTC or ETH. The lack of any warnings from regulatory bodies suggests limited price volatility potential for XRP.
Ripple's strong position amid speculative pressure indicates that market behavior is still driven by broad trading patterns. Despite circulating theories, expert comments lean towards resistance predictions, emphasizing that improvements in macro conditions will drive price increases.