XRP prices appreciated over 10% today and dropped below $3 for a short time. This decline occurred alongside the collapse in the overall cryptocurrency market. Bitcoin with the XRP community $99,231.3 Rising tensions between Ripple supporters 
$2.8It brought with it speculation that ‘s local cryptocurrency could drop to as low as $2. However, despite the pessimistic forecasts, many experts maintain their positive long-term views and reflect some glimmer of hope for the market.
Risk of Fall in XRP Prices
Today, XRP prices dropped by over 10% to $2.81. Experts predict that the cryptocurrency may drop to $2 in the coming days. These predictions further increased speculation in the market.
Experts Believe in the Future of XRP
A leading market expert named EGRAG CRYPTO highlighted important support zones for XRP prices. The expert stated that XRP could retreat up to $2 and described this as the “balance” level. However, he maintained his belief in the rise of cryptocurrency in the long-term perspective.
EGRAG CRYPTO said, “XRP may stabilize at $2, but it has upside potential in the long run.”
Additionally, EGRAG CRYPTO stated that after a sharp correction, Ripple’s native cryptocurrency, XRP, will target the $2.9 level and then trend upwards to $3.3. He added that when it exceeds the $ 3.3 level, XRP will target $ 5 in the short term.
Tension Between Ripple and Bitcoin
The recent decline in XRP prices comes with increasing tensions between Ripple and Bitcoin supporters. Rumors that Donald Trump may have an XRP Reserve instead of a Bitcoin Strategic Reserve when talking about the US Crypto Reserve have increased speculation about XRP in the market.
“Bitcoin supporters and the XRP community have been attacking each other for the last three days, and XRP and Bitcoin prices have barely moved during this period,” Bill Morgan said.
These tensions led to fluctuations in the values of XRP, as well as Bitcoin and other leading altcoins.
A Significant Price Movement Is Expected
A market expert named Ali Martinez stated that the price of XRP is preparing to make a significant move. According to Martinez, the Bollinger Bands on XRP’s daily chart are narrowing, indicating that there could be a sudden increase or decrease in prices.
“XRP’s Bollinger Bands are narrowing, which could herald a significant price movement,” Ali Martinez said.
Investors are advised to expect a major change in XRP prices in the near future. In addition, it was emphasized that the developments in the ongoing lawsuit against Ripple may have significant effects on XRP prices.
While market participants are taking careful steps ahead of the Federal Reserve’s interest rate decision, it is observed that many positive and negative factors are effective on the future of XRP.
These dynamics on XRP prices and the overall crypto market play an important role in determining investors’ strategies. The long-term positive expectations of experts constitute an important balance element for the market, despite short-term fluctuations.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
