Summary
TLDR: Ripple’s XRP price may see corrections as market cues turn bearish. Institutional and retail investors are bearish on XRP, with low inflows and negative funding rates. XRP price could drop to $0.42, but could bounce back to $0.55 if it holds above $0.47. Trading analysis is for informational purposes only.
Key Points
1. Ripple’s (XRP) price could be on the verge of witnessing another bout of corrections as the broader market cues turn bearish.
2. XRP holders are pining for a price fall, evident in their bets against the altcoin.
3. XRP price is projected to decline in the coming days as the altcoin loses the support of its investors, with institutional investors showing skepticism towards the Ripple token.