XRP Slides 10% In 7 Days: What Is Going On?

Despite XRP (CRYPTO: XRP) falling 10% over the past week, analysts remain optimistic about its long-term trajectory, citing growing utility, network activity and expanding global adoption.

Cryptocurrency Price    Market Cap 24-Hour Trend 7-Day Trend
XRP (CRYPTO: XRP)  $2.34 $4.2 billion -3.6%  -9.6% 
Bitcoin (CRYPTO: BTC)  $104,777.03 $2.08 trillion -0.7%  +2.2% 
Ethereum (CRYPTO: ETH)  $2,467.01 $297.9 billion -4.4%  -0.8% 

Trader Notes: Crypto analyst Seth recently shared a bullish outlook on XRP, emphasizing the token’s strong fundamentals, including increased ledger activity, regulatory clarity and upcoming ecosystem upgrades.

His base-case projections suggest XRP could see a valuation surge of at least 35%, with bull market scenarios indicating potential gains of over 100%.

Key metrics backing this thesis include over 1 million daily transactions on the XRP Ledger (XRPL), 6+ million active accounts, with notable growth in …

Full story available on Benzinga.com