- Sentiment falls as XRP price dips below $2.
- Analysts remain bullish on the price of XRP and its ability to hit a new ATH soon.
- Bullish recovery targets are still very much in play.
As Bitcoin and Ethereum prices continue to trade in its continued sideways movement from $89,000 and $90,000 for BTC and $2,800 to $31,000 for ETH, analysts shift their focus to promising altcoins instead. At the moment, Ripple’s XRP seems to have caught the attention of the greater crypto community. At the moment, sentiment falls as XRP price dips below $2, can XRP still hit a new ATH this cycle?
Sentiment Falls as XRP price dips below $2
So far this bull cycle, barely a handful of popular altcoins went on to hit new ATH prices. These include, SOL, BNB, FET, SUI, ONDO, and ETH. While these pumps are appreciated, they have not met the expectations of most analysts, especially with the greater bullish signs on their price charts. Of the altcoins in the market, ETH’s new ATH was the most disappointing as it failed to surpass $5,000. Presently, analysts are awaiting ETH’s bullish fervour to return.
In detail, the price of ETH has yet to surge, but its price chart continues to show bullish signs, keeping ATH expectations high. The same can be said for other promising altcoins and their bullish price charts as well. In particular, altcoins like ADA and XRP are expected to see bullish price pumps over the coming weeks ahead. One analyst goes on to highlight XRP above the rest.
As we can see from the post above, the monthly chart shows how XRP is approaching a lower boundary. While XRP is still in range with monthly support at $1.95, a close below there would signal trouble ahead and a potential multi-month correction or full on bear market. Overall, the post confirms that XRP continues to show extreme positivity despite its price falling below $2.
Can XRP Still Hit a New ATH This Cycle?
According to the post above, this analyst believes XRP is trading in a choppy range over the past week. It started near $2.06 before slipping lower and then briefly climbing above $2.15 around December 10. Now, XRP is trading around $1.99, down 1.71% over the last seven days and 11.57% over the past 30 days. Despite the pullback, a new analysis revealed that whales appear to be snapping up XRP.
Ultimately, XRP is showing signs of major activity on South Korean exchanges, where the token has long held a strong trading presence. As long as $1.97 holds, a deeper retracement is not confirmed, and the macro resistance remains at $2.41, which, if broken, could trigger a bullish scenario with targets near $2.75 and $2.90. With XRP whales leading the charge, XRP continues on a promising path.
