
Jakarta, Pintu News – According to Versan Aljarrah, founder of Black Swan Capitalist, fear has returned to the Ripple market as selling pressure intensifies. The price of XRP had slipped below $2 and recently touched around $1.83 before experiencing a slight rebound. The high volatility has prompted many traders to exit the market quickly.
Recent reports suggest that XRP’s price decline was accelerated by a broad market crash in early October, triggered by tariff tensions between the US and China. This forced the liquidation of billions of dollars on various exchanges. Some platforms showed very different lows, with Kraken recording $1.40 and Binance’s chart on TradingView showing a sudden drop to $0.76.
Fear has returned, and this always impacts those who don’t understand what it means to hold XRP. Many will not survive through this designed volatility. The system will eliminate the weak long before the real valuation begins.
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Analysts and market watchers point to XRP’s history of ups and downs as part of the problem. In 2017, the coin moved slowly for a few months before surging around 70,000% and then dropping up to 95% at some periods. In 2024, XRP traded quietly throughout the year before surging over 600% towards the end of the year.
Such patterns make holding tokens psychologically difficult for many people. People often sell too soon, often right before a big move. Support levels that are being closely monitored include key buffers at $1.95, $1.75, and $1.60. On the other hand, some analysts project a rebound to $4 by 2026, with long-term targets of $13 and $27.
Meanwhile, analyst Ali Martinez stated that large holders have been taking profits during the rebound. Whales holding between 1 million and 10 million XRP have reportedly sold over 180 million tokens, reducing their balance to approximately 4.74 billion XRP. This type of selling could add pressure even as prices attempt to recover. Institutional flows seem to be the counterweight.
According to reports, Franklin Templeton and Grayscale’s XRP ETFs launched in the US yesterday and attracted combined positive flows of $130 million on their first day. Net inflows into US XRP ETFs on Monday placed at $164 million, a figure that helped absorb some of the selling and supported a gain of over 7% over 24 hours in some trading windows.
Despite fear and volatility returning to the XRP market, long-term holders seem to remain calm. With support from institutional streams and close monitoring of support levels, the future of XRP is still promising for those who understand and are willing to persevere through market turbulence.
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