XRP News Today: XRP Falls 10.20% but Bitpanda Exec Forecasts Push Past 2018 High of $3.84

The XRP token, linked to Ripple, experienced a 10.20% decline in the past 24 hours, trading at $3.21 as of publication. Despite the sharp drop, Bitpanda deputy CEO Lukas Enzersdorfer-Konrad told Cointelegraph that the asset remains poised to surpass its 2018 all-time high of $3.84, provided favorable market conditions persist. Enzersdorfer-Konrad noted that XRP’s performance is closely tied to broader altcoin sentiment and regulatory developments, emphasizing that a sustained rally would depend on continued capital rotation away from Bitcoin and into alternative cryptocurrencies [1].

The recent decline follows XRP reaching a year-to-date high of $3.66 in early trading, though it has yet to retest its 2018 peak. Enzersdorfer-Konrad highlighted that while short-term price movements are challenging to predict in fast-moving markets, a “further move beyond the current all-time high would not be surprising” if liquidity remains strong and confidence in altcoins holds. He pointed to CoinMarketCap’s Altcoin Season Index, which shifted to “Altcoin Season” on Sunday, as a sign of shifting capital flows. Bitcoin dominance, which has fallen 5.41% over 30 days, further supports this trend [1].

Technical indicators suggest XRP may find support at key levels. The token’s relative strength index (RSI) has cooled to neutral territory near 50, indicating it is neither overbought nor oversold. Additionally, XRP has held above its 50-day exponential moving average, reinforcing bullish bias. Analysts have noted that the token’s pullback to the $3.20–$3.25 range could attract renewed buying interest, particularly if broader market conditions stabilize [1].

While Enzersdorfer-Konrad did not specify exact price targets, crypto analyst Dom recently suggested XRP could reach $7 to $10, contingent on market conditions. However, such forecasts remain speculative and hinge on factors like macroeconomic trends and regulatory clarity [1]. The Bitpanda executive also emphasized that XRP’s trajectory is “highly sensitive” to regulatory narratives, underscoring the importance of ongoing developments in U.S. and global jurisdictions.

The recent volatility reflects broader market dynamics. XRP’s 10% drop coincided with a wider correction in cryptocurrency markets, though its movements align with patterns observed during previous altcoin rallies. Enzersdorfer-Konrad stressed that the sustainability of XRP’s recovery will depend on whether momentum broadens across other altcoins or remains concentrated in a few assets. For now, the token’s fundamentals—such as its role in cross-border payments and institutional adoption—remain intact, offering a foundation for potential growth [1].

Market participants are closely monitoring technical and macroeconomic signals. XRP’s inverse correlation with the U.S. Dollar Index (DXY) suggests that inflation and interest rate trends could influence its near-term performance. However, without resolution of regulatory uncertainties, particularly in the U.S., the path to a sustained rally remains uncertain [1].

Source:

[1] [XRP Price Decline, Reversal to New All-Time Highs Possible - Bitpanda Exec](https://cointelegraph.com/news/xrp-price-decline-reversal-new-all-time-highs-possible-bitpanda)

[2] [XRP Tanks 10% but ATH Comeback Still in Play - Bitpanda Exec](https://mx.advfn.com/bolsa-de-valores/COIN/BTCUSD/crypto-news/96487050/xrp-tanks-10-but-ath-comeback-is-still-in-play-b)

[3] [Platinum Crypto Academy: XRP Price Analysis](https://www.platinumcryptoacademy.com/)