XRP News Today: XRP Falls 10% Amid Altcoin Season Shift, Bitpanda Exec Sees Path to $3.84 High

XRP has experienced a sharp 10% decline over the past 24 hours, trading at $3.21 at the time of publication, according to Nansen. Despite this volatility, Lukas Enzersdorfer-Konrad, deputy CEO of Bitpanda, has expressed cautious optimism, stating that XRP remains on track to potentially surpass its 2018 all-time high of $3.84, provided favorable market conditions persist. “A further move beyond the current all-time high would not be surprising if market conditions remain favourable and capital rotation from Bitcoin continues,” Enzersdorfer-Konrad noted [1].

The executive emphasized that XRP’s performance is heavily influenced by broader altcoin market dynamics rather than standalone catalysts. CoinMarketCap’s Altcoin Season Index recently shifted from “Bitcoin Season” to “Altcoin Season,” reflecting a 5.41% decline in Bitcoin dominance over the past 30 days—a trend often interpreted as capital flowing into altcoins [2]. Enzersdorfer-Konrad highlighted that XRP’s price trajectory will depend on whether this momentum across the altcoin market sustains. “XRP tends to be highly sensitive to broader altcoin sentiment and regulatory narratives,” he added, underscoring the importance of liquidity and confidence in altcoins for further bullish movement [3].

While XRP reached a year-to-date high of $3.66 last week, it has yet to retest its 2018 peak. The token’s relative strength index (RSI) has cooled to neutral territory near 50, indicating neither overbought nor oversold conditions. Enzersdorfer-Konrad cautioned against overreliance on short-term predictions, noting the challenges of forecasting in a fast-moving crypto market. “Markets are inherently unpredictable, especially in crypto,” he said [1].

Separate commentary from crypto analyst Dom suggests XRP could climb as high as $7 to $10, depending on the broader market’s movements [4]. Meanwhile, Cointelegraph reported that XRP is holding above its 50-day exponential moving average, reinforcing a bullish bias [5]. These projections, however, remain speculative and hinge on continued favorable conditions.

The recent drop follows a broader crypto market correction, with Bitcoin and Ethereum also experiencing declines. Enzersdorfer-Konrad did not directly address regulatory uncertainties, such as the ongoing SEC lawsuit against Ripple Labs, but acknowledged the role of utility-driven demand and XRP’s cross-border payment partnerships in differentiating it from less-utility-focused altcoins. “Structural factors such as XRP’s consensus mechanism and real-world use cases provide a foundation for long-term resilience,” he implied [2].

Investors are now monitoring key resistance levels and volume patterns to assess whether the 10% pullback will prove temporary or signal a deeper correction. The Bitpanda executive’s remarks reflect a broader institutional confidence in XRP’s ecosystem, contrasting with more bearish assessments that highlight risks from regulatory uncertainty and macroeconomic headwinds.

Sources:

[1] [title1XRP price decline reversal new all-time highs possible Bitpanda] [url1https://cointelegraph.com/news/xrp-price-decline-reversal-new-all-time-highs-possible-bitpanda]

[2] [title2BTCUSD - XRP tanks 10% but ATH comeback is still in play] [url2https://mx.advfn.com/bolsa-de-valores/COIN/BTCUSD/crypto-news/96487050/xrp-tanks-10-but-ath-comeback-is-still-in-play-b]

[3] [title3XRP tanks 10% but ATH comeback is still in play: Bitpanda exec] [url3https://www.platinumcryptoacademy.com/]

[4] [title4XRP analyst forecast $7-$10 target] [url4https://coinmarketcap.com/community/articles/6881a52ecdd3e84fefeeda4b/]

[5] [title5XRP technical analysis holding above 50-day EMA] [url5https://coinmarketcap.com/community/articles/6881a52ecdd3e84fefeeda4b/]