The XRP price is down over 5% today, sparking speculation among investors about the future of the asset. While most assets have lost value with the recent volatility in the general crypto market, market experts have maintained their positive views on the future course of the token.
Reasons for the Fall in XRP Price
Fluctuations, Bitcoin $93,746.2 and caused major altcoins to lose significant value during the holiday season. While investors withdrew from the markets to take advantage of the opportunity to make profits after the strong rise, XRP also got its share of this situation.
Despite the volatility, market experts maintained their positive expectations for the future of XRP. Well-known crypto expert EGRAG Crypto stated that while XRP could reach the target of $4 in the coming period, it could drop to $1 if it cannot maintain critical support levels.
“XRP’s key resistance levels are set at $2.60, $2.65, and $2.75. A break above these levels could trigger a rise towards the $3,775 target. However, if it remains below $2, there is a risk that the price may drop to $1.22.”
Future Expectations and Investor Perspective
The expert pointed out that the long-term outlook for XRP is positive and that it can exceed the $6 threshold by 2025. Also, Ripple 
$2.1He stated that ‘s local cryptocurrency, XRP, may also gain value if the ongoing legal processes with the SEC yield positive results.
While today’s price of XRP is at $2.08, its transaction volume increased by 98% to $4.79 billion. XRP, which managed to stay above the $ 2 level in the last 24 hours, rose to $ 2.19 in this process.
Recent speculation about the potential dismissal of the XRP case has positively impacted market sentiment. While Paul Atkins, known for his crypto-friendly approach, is expected to be appointed as the new SEC chairman, XRP’s receipt of an ETF approval may also push the price even higher.
For XRP investors, the basic price levels and market trends that need to be considered in the coming period will play an important role in their decision-making processes. Investors who follow market movements closely can gain advantage with the right strategies.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
