XRP's Uphill Battle: Investors Face Losses Amidst Price Stagnation

XRP Faces Obstacles While Panshibi Gains Significant Hype

XRP, the native token of Ripple, has been facing challenges in recent days, with its price struggling to reach new all-time highs. Despite holding above a key support level, XRP has been unable to gain the necessary momentum for a breakout. A shift in investor behavior could change this trajectory, but traders may begin pulling back from participation if the trend continues, reducing transaction activity and potentially impacting XRP's price.

XRP Investors Are Facing Losses

XRP's transaction volume has been largely dominated by losses, with investors moving their holdings as a new all-time high remains elusive. This trend has resulted in many XRP holders facing losses on their transactions for the past two weeks, impacting overall market confidence. If this pattern continues, traders may begin pulling back from participation, reducing transaction activity and potentially impacting XRP's price.

XRP Price Prediction: Uptrend To a New High

XRP is currently experiencing a micro uptrend after bouncing off the $2.95 support level. While the altcoin briefly fell below this level during an intraday low, it quickly recovered and remained above the trend line, reinforcing the bullish momentum. The cryptocurrency now sits less than 10% away from forming a new all-time high beyond $3.40. If the uptrend continues and long-term holders remain steadfast, XRP could break past this resistance and set a new price record in the coming days.

However, if XRP retests $2.95 and fails to hold this support, the price could decline further. A break below this level would increase bearish pressure and potentially push XRP down to $2.73 or lower, invalidating the bullish thesis.

Ripple News: Founder Sees ‘Fundamental Flaws’ in XRP, Predicts ‘More Downside’

Anthony Georgiades, founder and general partner at Innovating Capital, discussed concerns surrounding Ripple and its native token, XRP, particularly regarding the centralized aspects of the XRP Ledger. In an interview with Yahoo Finance, he explained that XRP operates on a decentralized ledger, but in practice, Ripple Labs holds major control over it. Ripple Labs is responsible for selecting a list